Buckaroo Partners with Silverflow to Scale European Card Acquiring Strategy

Payment service provider Buckaroo has partnered with Silverflow to integrate a cloud-native card processing platform into its omnichannel offering. By moving processing in-house via Silverflow’s API, Buckaroo aims to eliminate third-party dependencies and streamline card acquiring for merchants across Europe, marking a significant step in its post-merger expansion strategy.

What was announced

The partnership centers on Silverflow providing Buckaroo with its acquirer processing solutions. This move follows Buckaroo’s merger with SEPAY in early September 2023, a deal that significantly expanded its omnichannel payment capabilities. By adopting Silverflow’s cloud-based API platform, Buckaroo intends to scale its acquiring solutions throughout Europe and beyond.

The technical shift allows Buckaroo to move away from third-party involvement in the payment chain. This transition is designed to create a more unified card acquiring service, which the companies claim will result in a more secure and faster payment process for merchants. Buckaroo, which serves both corporate organizations and SMEs, sought a solution that offered robust data functionality and agility to meet its growth plans.

The implementation is scheduled for a phased rollout. The first go-live is slated for November 2023, with further expansion across the platform planned for the first quarter of 2024. The collaboration leverages Silverflow’s state-of-the-art processing platform to support Buckaroo’s position as an omnichannel provider, combining online and in-store payment strategies for its client base.

The companies involved

Buckaroo is a prominent payment service provider that offers online and in-store payment solutions to corporate organizations and SMEs. The company is currently backed by Keensight Capital, a private equity firm that has supported its recent strategic moves, including the merger with SEPAY to bolster its omnichannel presence. Buckaroo has been a fixture in the payments landscape since 2005, focusing on developing payment strategies for its clients through an extensive platform.

Silverflow is a cloud-native payment processing platform designed to replace legacy technology in the card network ecosystem. Unlike traditional processors, Silverflow provides a single API connection directly to card networks, aiming to reduce the complexity and cost associated with older, fragmented systems. The company has established itself as a modern alternative for acquirers and payment service providers looking to upgrade their infrastructure with data-rich, scalable technology. It positions itself as a platform built for current payment needs and future innovation, freeing users from the constraints of traditional processing architecture.

What FF News has reported before

Buckaroo has been featured in three previous FF News reports, while Silverflow has been a frequent subject of coverage with 25 stories detailing its growth. Recently, FF News reported on Silverflow Accelerates US Expansion with $40M Series B and New Sales Leadership, highlighting the company's successful capital raise to fuel international growth. The processor has also been active in forming strategic alliances, such as when Silverflow and Hypergate Partner to Launch Cloud-Native Acquiring Solution for Financial Institutions. Additionally, the firm has focused on regional scaling, as seen in the report Silverflow and Griner Expand Partnership to Accelerate European Payment Processing.

What this means

This partnership highlights a growing trend among payment service providers to reclaim control over their processing stacks. By bypassing traditional third-party processors in favor of cloud-native API solutions, PSPs like Buckaroo are putting pressure on legacy incumbents who struggle with data transparency and speed. The move suggests that the market is shifting toward full-stack control, where the ability to offer a unified experience across online and offline channels is no longer a luxury but a requirement for survival. For the wider sector, it raises questions about the long-term viability of middle-man processing layers that do not offer the same level of agility or direct network access.