Published March 20, 2023 press

Surfboard Payments Announces Successful Over-Subscribed Pre-Series A Round

Stockholm, Sweden March 2023 – Surfboard Payments, a leading provider of innovative payment solutions, has successfully closed its pre-series A round, raising 11M SEK. The funding round was oversubscribed, with strong interest from both existing and new investors. This is a testament to the trust our investors have in the company’s vision and the potential of our groundbreaking payment solutions.

The capital will be used to accelerate the launch of our highly anticipated card-present payment solutions to the market. We have been working tirelessly to develop a solution that meets the needs of businesses and consumers alike. With this new funding, we can confidently bring our solution to market and help businesses improve their payment experience while maintaining cost efficiency.

As a result of the high demand for our funding round, we are proud to announce that our valuation has not been lowered. In the current market climate, this is a clear indication of the confidence our investors have in the company's future and the considerable potential of our payment platform.

"We are thrilled to have completed this funding round with such strong support from our investors," said Christopher Lindfeldt, CEO of Surfboard Payments. "The oversubscription of this round and the unwavering support of our investors is a testament to our team's hard work and dedication. We are now in a strong position to bring our payment solutions to market and satisfy the long-standing need for innovation in the in-store space, transforming the way payments are done."

Surfboard Payments is dedicated to providing innovative payment solutions that improve the payment experience for businesses and consumers. We are excited about the future and grateful for the support of our investors on this journey.

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