Carlyle Europe Technology Partners (CETP), in partnership with Rabobank’s investment arm Rabo Investments, announced a strategic growth investment in SurePay, a European leader in payment verification software.
Launched within Rabobank in 2016 and headquartered in the Netherlands, SurePay is a leading provider of payment verification technology solutions to financial institutions and corporates across Europe and the UK.
The company reduces fraudulent and misdirected payments through its trusted real-time IBAN-name check, Confirmation-of-Payee (CoP), Verification-of-Payee (VOP), and Fraud Risk Indicator (FRI) products, supporting over 200 banks and 750 corporate customers.
After implementation, SurePay reduces impersonation scams by 81% and erroneous payments by 67% on average. To date, SurePay has processed over 10 billion payment checks, playing a significant role in helping clients improve payment accuracy, prevent fraud, address continuously evolving regulatory and compliance demands, and optimize operational efficiencies.
With the backing of Carlyle and Rabo Investments, SurePay plans to expand its suite of payment verification and fraud prevention solutions, broadening its geographic presence across Europe and beyond, while continuing to focus on delivering highly reliable services to its blue-chip customers.
Carlyle is investing through its CETP V fund, which is a €3.2 billion vehicle focused on growth-stage technology businesses across Europe. And the CETP team has extensive experience in scaling European financial technology and Governance, Risk and Compliance (GRC) software platforms, with notable investments including FRS Global, ITRS, Calastone, VWD, and Trema.
KEY QUOTES:
“We are thrilled to welcome Carlyle as a strategic partner for the next stage of our journey. The team is grateful to Connected Capital and Iris Capital for their partnership since 2021, and the valuable experience they have brought in scaling B2B SaaS businesses and supporting breakout technology ventures like ours. With Carlyle’s deep experience in financial infrastructure and enterprise software, they are the ideal partner to join Rabobank in supporting our ambition to strengthen our leadership across Europe and the UK, and expand into other international markets. This investment is a major milestone for our team and a strong validation of the platform we have built together with top-tier financial institutions and leading corporates around the world.”
David-Jan Janse, CEO and co-founder of SurePay
“SurePay is a mission-critical payment verification solutions provider with a powerful combination of proven technology and deep relationships across the European and UK banking ecosystem. The team has done an exceptional job building a platform that delivers real, measurable impact in reducing fraud and improving payment accuracy for both financial institutions and corporates. We are excited to partner with Rabo Investments in supporting SurePay as they continue to scale internationally and drive innovation in this increasingly important space.”
Constantin Boye, who leads the European growth equity efforts within the CETP investment advisory team at Carlyle
“Since its founding within Rabobank, SurePay has been developed to meet the highest possible financial services quality standards with best-in-class platform reliability, scalability, and security. We believe that this bank-grade heritage, which underpins the many strengths of SurePay’s current offering, has enabled the team to execute with focus, ambition, and credibility to become a European leader in payment verification. Today, their solutions are used by many of the world’s largest financial institutions and corporates, delivering meaningful impact at enterprise scale. After a fruitful partnership with Connected Capital and Iris Capital, we are proud to continue on this growth journey with the SurePay team alongside Carlyle, supporting Rabobank’s corporate venture strategy to build a stronger and more secure financial ecosystem.”
Floris Onvlee, Director at Rabo Investments
