Surepay Secures Strategic Investment for Growth in Payment Verification Solutions
Based in Utrecht, Surepay, a leading provider of payment verification software, has announced a significant strategic growth investment from Carlyle Europe Technology Partners (CEP) in collaboration with Rabo Investments. This funding marks a pivotal moment for Surepay as it seeks to enhance its services across Europe and beyond.
Carlyle’s Investment to Drive Expansion
Carlyle is investing through its CETP V fund, which amounts to €3.2 billion and focuses on growth-stage technology companies in Europe. David-Jan Janse, CEO and co-founder of Surepay, expressed enthusiasm about the partnership, stating, “We are delighted to welcome Carlyle as a strategic partner for the next stage of our journey.” He acknowledged the pivotal role of Connected Capital and Iris Capital since 2021, highlighting their contributions to Surepay’s growth.
Leveraging Deep Experience in Financial Tech
Janse emphasized that Carlyle’s extensive expertise in financial infrastructure and corporate software makes them the perfect ally. Together with Rabobank, they aim to solidify Surepay’s leadership in the European and UK markets while exploring other international territories. “This investment validates the robust platform we’ve developed with leading financial institutions,” he added.
IRIS Completes Successful Exit
As part of this transaction, venture capital firm IRIS announced its successful exit from Surepay. IRIS joined as an investor in 2021 during the initial fundraising round. Thorben Rothe, a partner at IRIS, remarked on Surepay’s journey from a niche service to a standard infrastructure in Europe, praising its proactive development in the payments verification space.
Innovative Solutions for Payment Verification
Founded in 2016 by Marcel Loudi and David-Jan Janse, Surepay specializes in payment verification services catering to financial institutions and businesses across Europe and the UK. Its offerings include Iban-Name checks, payment confirmations (COP), verification of payees (VOP), and fraud risk indicators (FRI). Since its launch of the Iban check solution in 2017, Surepay has expanded its services, now supporting over 200 banks and 750 companies.
Impact on Fraud Prevention and Payment Accuracy
SUREPAY has conducted over 10 billion payment checks, helping clients enhance payment precision and mitigate fraud risks. According to their estimates, implementing their technology reduces identity scams by an average of 81% and erroneous payments by 67%. This remarkable impact underscores the importance of effective payment verification solutions in today’s financial landscape.
Future Plans and Strategic Growth
The new funding will enable SUREPAY to expand its fraud prevention solutions further and extend its geographical footprint throughout Europe and beyond. Floris Onvlee, director of Rabo Investments, praised Surepay’s commitment to high-quality financial service standards, stating that it has allowed the company to emerge as a European leader in payment verification. “We’re excited to continue supporting Surepay in conjunction with Carlyle as they build a stronger, safer financial ecosystem,” he said.
About Carlyle
Carlyle is a prominent investment firm that manages private capital across three business segments: global private equity, global credit, and investment solutions. With $453 billion under management, Carlyle aims to generate value for its investors, portfolio companies, and communities. Constantin Boye, who leads Carlyle’s European efforts in growth equity, highlighted Surepay’s vital role in payment verification solutions and expressed excitement about collaborating with Rabo Investments to support its international expansion.