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Surfboard Payments Secures SEK 30 Million in New Funding to Accelerate Growth and Product Expansion

Stockholm, Sweden – August 30, 2024 – Surfboard Payments is pleased to announce that it has successfully raised SEK 30 million in new capital in an oversubscribed funding round. The funding round, supported by both existing and new investors, will enable the company to accelerate its growth trajectory, expand its product offerings, and bring its innovative payment solutions to new markets more swiftly.

This fresh injection of capital marks a significant milestone for Surfboard Payments, reflecting strong confidence from the investment community in its mission to transform the payments landscape through cutting-edge technology and customer-focused solutions.

With these resources, we are well-positioned to accelerate our expansion
- Christopher Lindfeldt

Accelerating Growth and Innovation

The new capital will be strategically utilized to enhance Surfboard Payments' existing portfolio of payment solutions, including its flagship products like CheckoutX SoftPOS and the API-based payment terminals such as SurfPad and SurfTouch. These funds will also support the company’s expansion into new geographic markets and the continued development of its state-of-the-art payment platform.

Christopher Lindfeldt, CEO of Surfboard Payments, expressed his enthusiasm for this milestone, stating, "This new funding is a testament to the robust demand for our payment solutions and the trust our investors have in our vision. With these resources, we are well-positioned to accelerate our expansion efforts and bring even more value to our customers and partners globally."

Exciting Times Ahead: Expansion and Innovation

As Surfboard Payments gears up to enter the UK market, the company is poised for exciting times ahead. The expansion into the UK represents a significant step in our broader growth strategy, aiming to tap into one of Europe’s largest and most dynamic payment markets.

Additionally, the funding will enable Surfboard Payments to enhance the addon capabilities, providing merchants with more tools to engage customers and drive repeat business. This includes leveraging our innovative tokenization technology and consumer-facing digital receipts to create personalized, data-driven marketing strategies.

Empowering Software Companies to Become Fintech Companies

One of Surfboard Payments' core goals is to empower software companies to transform into fully-fledged payment companies. By providing a comprehensive suite of white-label solutions, we enable our partners to integrate payment functionalities seamlessly into their existing platforms, maintaining their own brand identity while expanding their service offerings. Our platform supports a broad stack of payment solutions, including card-present transactions, online payments, and a variety of alternative payment methods, all accessible through a single, unified integration.

New Partnerships and Strengthened Offerings

The investment also positions Surfboard Payments to forge new strategic partnerships, expanding our network of collaborators across various industries. Our recent collaborations with leading players have already shown the potential of combined expertise to deliver unparalleled payment solutions. The fresh capital will empower us to build on these partnerships, bringing even more comprehensive and innovative solutions to our clients.

🏄 Interested in partnering up? We can do amazing things together. Get a demo and let us show you what we can offer. Book the meeting here »

About Surfboard Payments

Surfboard Payments is a pioneering paytech company known for its innovation and excellence in the payment industry. Operating under the auspices of the Swedish Financial Supervisory Authority, Surfboard Payments offers a comprehensive payment platform for both card-present and online payments. Our solutions are designed to rethink the payment experience, offering value to partners, merchants, consumers, and payment institutes worldwide.

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Checkout our products

Take a look at our products which includes both hardware-, and software-based payment solutions

SurfTouch

Hardware terminal

Our all-in-one handheld smart terminal device with scanner. Possible to mount in the countertop with a charger stand

SurfPrint

Hardware terminal

Our all-in-one handheld smart terminal device with scanner and printer. Good fit for restaurants, cafés, and bars

SurfPad

Hardware terminal

With a physical keypad. Perfect as a card terminal replacement, or paired with a customer-facing tablet screen

SurfAlone

Hardware terminal

Our unattended payment terminal is designed to seamlessly integrate EV chargers, vending machines, public transport, and beyond.

SurfXpress

SoftPOS

Our 22-inch SoftPOS Android tablet for self-checkout and customer-facing payments.

CheckoutX

Payment application

Our SoftPOS solution is for any Android smartphone, with no extra hardware needed. Can also be used as backup

CheckoutPro

Payment application

The customer-facing screen for multiple payment methods, loyalty, and campaigns. To be accompanied by the SurfPad

CheckoutOnline

Online Payments

Pre-built checkout page through link or SDK for your webshop or app