What is SurePay?
Headquartered in Utrecht, Netherlands, SurePay specializes in Verification of Payee and Confirmation of Payee solutions. Since its inception in 2016, the company has become a cornerstone of the Dutch banking infrastructure, connecting nearly all domestic banks to its proprietary IBAN-Name Check service. By providing real-time validation of account holder names against IBANs, SurePay effectively mitigates the risks associated with misdirected payments and sophisticated fraud schemes. The firm serves a diverse clientele, including major banks, payment service providers, and corporate entities, ensuring compliance with stringent European mandates such as PSD3 and the EU Instant Payments Regulation.
How much funding has SurePay raised?
SurePay has raised a total of $14.5M across 1 funding round:
Unspecified
$14.5M
Unspecified (2021): $14.5M with participation from Rabo Frontier Ventures, Connected Capital, and Iris Capital
Key Investors in SurePay
Rabo Frontier Ventures
A dedicated investment fund of Rabobank that focuses on early-growth stage fintech and agtech companies, providing both capital and strategic industry expertise.
Connected Capital
A venture capital firm specializing in supporting high-growth software and technology companies with a focus on long-term value creation.
Iris Capital
A European venture capital firm that invests in digital economy businesses, providing growth capital to companies scaling their operations internationally.
What's next for SurePay?
With the support of its latest capital infusion, SurePay is poised to deepen its footprint across the United Kingdom and the broader European market. The strategic focus will likely center on scaling its real-time verification engine to meet the requirements of the EU Instant Payments Regulation, which mandates high-speed, secure transaction processing. As the industry shifts toward more transparent and secure payment rails, SurePay's ability to integrate seamlessly into existing banking architectures will be a key driver of its long-term value proposition. The company is expected to prioritize product innovation, focusing on advanced fraud detection algorithms and expanded API capabilities to support the evolving needs of global financial institutions.
See full SurePay company page
