Surfboard Payments Closes Oversubscribed €4M Round, Reports Record Q4

Stockholm, Sweden, February 2026 — Surfboard Payments, the payments infrastructure company for software providers, today announced it has closed an oversubscribed funding round of €4 million, exceeding both its €2.5 million requirement and €3 million target. The round closes a year of 164% compounding revenue growth, the launch of its most ambitious platform upgrade to date, and agentic commerce capabilities that position the company at the centre of the next shift in payments.

Why investors doubled down

Raising capital is never simple. Doing it in a market that has cooled on fintech, and still landing 33% above target, sends a signal. Surfboard’s investors are not betting on a payments company. They are betting on infrastructure: programmable, acquiring-agnostic, multi-cloud rails that give software companies total reach and total control over every transaction, in-store, online, and now through AI agents.

We needed €2.5 million, asked for three, and received four

“We needed €2.5 million, asked for three, and received four,” said Christopher Lindfeldt, CEO of Surfboard Payments. “That isn’t just capital. It is a conviction signal. Our investors see what we see. That the future of payments is invisible, programmable, and built for a world where software and AI agents drive commerce, together with in-person payments and loyalty. We are building the infrastructure that makes that possible.”

Q4 2025: Fifteen months and counting

Q4 capped a remarkable streak. Surfboard has now delivered approximately 8% month-on-month recurring revenue growth for fifteen consecutive months, through a macroeconomic climate that has tested every growth-stage company in Europe. Consistency at that rate, sustained over that span, is rare, and reflects a platform that partners build on and stay on.

The quarter’s headline numbers tell the story:

• +122% recurring revenue growth in Q4 2025 versus Q4 2024. More than doubling year-on-year.
• 164% recurring revenue CAGR from October 2024 through December 2025. Accelerating from 144% reported at the end of Q3.
• Carbon released — Surfboard’s most significant platform upgrade to date, delivering deeper value-added services, enhanced merchant tooling, and the infrastructure foundations for agentic commerce.
• New ISV partners continued to onboard at a pace of one per week, with a record five-hour integration from signup to first live transaction.
• New markets Surfboard expanded into new markets across Europe. Markets now live including Ireland, Poland, and Hungary, makes the footprint in over 12 markets in Europe.
• New PRO series: In late 2025, Surfboard launched its PRO series, a new suite of payment terminals to take the transaction to the next level - and beyond.

New partners deployed across hospitality, retail, and commerce while existing partners expanded into new markets, proving that growth is coming from both enablement and expansion.

Where the capital goes

The round will fuel this and more:

→ Accelerated sales and channel expansion. Surfboard is scaling its go-to-market across the Nordics, UK, Ireland, Poland, and Hungary investing in direct partnerships and establishing new distribution channels to bring payment infrastructure to more software companies.

→ Continued platform development. The platform runs multi-cloud, API-first, and fully agnostic today. The next phase layers loyalty, real-time analytics, Agentic Commerce and AI-powered merchant tools on top of the core rails. Everything a partner & software company needs, through a single integration.

→ Agentic commerce readiness. In January 2026, Surfboard adopted the Universal Commerce Protocol (UCP) and Agent Payments Protocol (AP2), positioning its partners to accept payments from AI agents and digital assistants.

Payments Infra for the AI Era

Surfboard’s tagline is not aspirational, it is operational. While legacy processors retrofit APIs onto decades-old architecture, Surfboard was built from day one for the world that is arriving: one where software companies are the new point of sale, where payments happen in conversations and autonomous workflows, and where the infrastructure must be invisible to the end user and infinitely controllable by the developer.

“When payments disappear, brands stand out,” Lindfeldt added. “That has always been our philosophy. The AI era just makes it non-negotiable. Your payment infrastructure either gets out of the way and lets software drive — or it becomes the bottleneck.”

About Surfboard Payments

Surfboard Payments is a Swedish paytech company and licensed Payment Institution, supervised by Finansinspektionen. Founded in 2019, Surfboard provides programmable, cloud-native payment infrastructure purpose-built for software providers. The platform is API-first, fully agnostic, and runs on a multi-cloud architecture across Google Cloud, AWS, and Microsoft Azure with 99.99% uptime. Surfboard enables ISVs and software companies to embed white-label payments — in-store, online, in-app, and through AI agents — through a single integration. The company is headquartered in Stockholm with an engineering office in Chennai, India.

Media Contact Surfboard Payments PR pr@surfboardpayments.com Barnhusgatan 4, 111 23 Stockholm, Sweden