SurePay has raised $14.0M in total across 1 funding round.
SurePay's investors include Iris Capital, Project A Ventures, Benjamin Schroeter, Finn Age Haensel, Jason Goldberg, Stephan Wirries.
SurePay is a fintech company headquartered in Utrecht, Netherlands, specializing in Verification of Payee (VoP) solutions to combat payment fraud and misdirected payments.[1][2][3] It offers real-time IBAN-Name Check services that verify bank account details before transactions, serving banks, organizations, municipalities, housing corporations, corporations, investigative agencies, pension funds, and insurers worldwide.[1][2][3] The platform has performed billions of checks across 38 countries, leveraging partnerships like SWIFT for global expansion, and solves the critical problem of fraud threats in cross-border and domestic payments by minimizing false positives and administrative costs.[1][2]
Since its 2016 founding as a Rabobank spinout, SurePay has achieved strong growth momentum, including a 2022 SWIFT partnership, 2023 IBAN-Name Check Portal launch, 2024 selection as VoP provider for most Belgian banks, and a 2025 nationwide rollout in Denmark.[1][2] Backed by $14.5M in funding from Rabo Investments and Carlyle Europe Technology Partners, it boasts awards for its advanced algorithm, lowest false positives, and extensive connectivity.[1][3][5]
SurePay originated in 2016 as a startup from Rabobank, one of the Netherlands' largest banks, initially launching as IBAN-Name Check to address rising payment fraud and errors causing financial losses and admin burdens.[1][2][3] The idea emerged from Rabobank's need for robust pre-payment verification, evolving into a standalone company focused on VoP technology.[1][5]
Key milestones include its 2022 strategic partnership with SWIFT for European and global scaling via Payment Pre-validation integration, the 2023 IBAN-Name Check Portal for 24/7 self-service checks, and 2024's win to serve Belgium's banks after a competitive tender highlighting its matching accuracy and fraud mitigation.[1][2] This trajectory reflects rapid traction, culminating in 2025 Nordic and Danish expansions.[1][2]
SurePay rides the rising tide of payment fraud in digital finance, where real-time verification is mandated or prioritized amid regulations like EU instant payments and global anti-fraud pushes.[1][2] Its timing aligns with SWIFT's gpi evolution and national VoP rollouts (e.g., Belgium 2024, Denmark 2025), capitalizing on market forces like exploding transaction volumes and cyber threats targeting banks.[1][2]
By enabling billions of secure checks, SurePay influences the ecosystem as a key enabler for banks and fintechs like Form3, reducing errors and boosting trust in A2A payments—positioning it amid competitors like EFTsure while differentiating via low false positives and connectivity.[1][2]
SurePay is primed for accelerated global dominance in VoP, with Nordic hires and Denmark's nationwide service signaling momentum toward full EU coverage and beyond.[2] Trends like mandatory real-time payments, AI-driven fraud detection, and SWIFT expansions will propel it, potentially doubling country coverage via investor-fueled scaling.[1][5]
Its Rabobank roots and Carlyle backing position SurePay to shape fraud-resilient infrastructure, evolving from European leader to worldwide standard-setter—reinforcing its mission to safeguard billions in payments against escalating threats.[1][5]
SurePay has raised $14.0M across 1 funding round. Most recently, it raised $14.0M Series A in August 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2021 | $14.0M Series A | Iris Capital, Project A Ventures, Benjamin Schroeter, Finn Age Haensel, Jason Goldberg, Stephan Wirries |
