SurePay Achieves Successful Exit with Carlyle and Rabobank
Deal News | Jun 03, 2025 | Iris Capital Management SAS
Iris Capital Management SAS, a prominent European venture and growth tech investor, has successfully exited from its investment in SurePay, a leading provider of payment security solutions in Europe. This transaction is part of a strategic investment made by The Carlyle Group and Rabo Investments. Iris Capital had invested in SurePay during its initial financing round in 2021, supporting the company's development into a crucial infrastructure provider in payment security. SurePay's IBAN Name Check technology has become vital in combating payment fraud, marking its presence in several European countries. The exit highlights Iris Capital's strategy of identifying and scaling technology-driven B2B financial companies in Europe, a feat also demonstrated in its earlier exit from Kyriba. The transaction underscores the growing importance and market demand for payment security solutions in light of evolving European regulations.
Sectors
- Financial Technology (FinTech)
- Private Equity and Venture Capital
Geography
- Europe – SurePay has its operations and markets primarily in Europe, where payment security regulations are increasingly becoming stringent, influencing its strategic expansion.
- Netherlands – SurePay was originally founded as an in-house venture of Rabobank in the Netherlands, highlighting its geographical origins.
Industry
- Financial Technology (FinTech) – The article is centered around SurePay, a company providing financial technology solutions focused on payment security, which is key in modern transactions and banking systems.
- Private Equity and Venture Capital – Iris Capital is a venture and growth tech investor, and the article discusses its strategic exit and investment in collaboration with other financial entities.
Financials
- Over ten billion payments verified – Indicates the scale at which SurePay's infrastructure has been applied since its inception.
- 200 banks and 750 businesses – Reflects SurePay's extensive customer base across multiple countries in Europe.
- Valuation of over three billion US dollars for Kyriba – Highlights a successful exit by IRIS in another fintech venture.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SurePay | Target Company | Company | SurePay is a fintech company specializing in payment security solutions, backed by multiple investors including Iris Capital. |
| Iris Capital Management SAS | Selling Company (Vendor) | Company | A European venture and growth tech investor that supported SurePay from its initial Series A financing round in 2021. |
| The Carlyle Group | Bidding Company (Buyer) | Company | An asset management company involved in the strategic investment in SurePay, marking a new growth phase for the fintech firm. |
| Rabo Investments | Other Investor | Company | The investment arm of Rabobank and a participant in SurePay's strategic growth initiatives. |
| Rabobank | Originating Organization | Company | Initially established SurePay as an in-house venture. |