The first quarter of 2025 marks an exceptional start to the year for Surfboard Payments. With revenue up 125% year-over-year and a 124% surge in processed payment volume, the momentum is clear: our product-market fit is paying off.
Performance Snapshot: A Quarter of Acceleration
We’ve seen a significant uptick across all key metrics:
- Revenue Growth: +125% YoY
- Processed Payment Volume: +124% YoY
- Revenue CMGR (Dec 2024–Mar 2025): 10.22%
- Corresponding CAGR: 221.46%
These figures not only reflect increased traction in the market—they underline the effectiveness of our model: a flexible, integrated payment platform that solves real merchant problems with minimal friction and a single integration.
Partners Fuelling Growth
Smarter, Faster Partner Integrations — Now at Scale
Surfboard Payments continues to expand its reach, adding one new ISV partner per week—a testament to the scalability and attractiveness of our platform. This growth is not only a result of commercial traction, but also a direct outcome of our AI-enhanced integration process. With the introduction of AI-optimized developer documentation, partners can now build, test, and launch integrations faster than ever before. The intelligent documentation adapts in real-time to the developer’s needs, significantly reducing time-to-market and enabling seamless rollouts across verticals. Competitors relying on traditional onboarding tools are already feeling the pressure. With Surfboard, partners don’t just integrate payments—they activate a competitive edge.
Tap to Pay on iPhone Now Live
One of the most anticipated releases this quarter, Tap to Pay on iPhone, is now live via our CheckoutX app. Merchants can accept contactless payments—cards, Apple Pay, and digital wallets—on iPhone without additional hardware. It’s simple, secure, and perfect for mobility-centric businesses.
Platform Enhancements
Alongside Tap to Pay on iPhone, we’ve continued enhancing our core platform with:
- Change payment method: The consumer can now change the payment method at the terminal after a transaction has been initiated from your POS.
- Digital receipts and tokenisation: Build a better customer experience by easily generating digital receipts and creating payment tokens for recurring payments.
- Integrated loyalty features: Enhance loyalty programs with Surfboard’s platform by easily connecting loyalty points and rewards.
- Real-time reporting tools for smarter operations: Get insights into your business with real-time reporting tools.
- Multi-cloud: To ensure uptime and availability, the platform is now available on multiple cloud platforms, including Google Cloud, AWS, and Azure.
All of this contributes to faster onboarding, deeper merchant engagement, and stronger conversion at checkout.
Broader Payment Method Coverage
Our commitment to supporting local preferences continues. This quarter:
- Vipps (Norway): Norwegian merchants can now accept fast, seamless, and secure transactions both in-store and online.
- Dankort (Denmark): Danish merchants can now accept payments without any additional setup or integration.
These additions ensure Surfboard remains relevant across Nordic markets and adaptable for new merchant segments.
What’s Ahead
The results from Q1 confirm we’re scaling fast—but more importantly, scaling with control. Our product-led approach allows us to enter new verticals and markets with precision. Expect further innovations across hardware, software, and payment flows in the coming months.