Swiss fintech Klarpay AG recently announced the completion of its first external financing round, raising CHF 3m. The round was led by established payments institution payabl. which was founded in 2010 with the mission to accelerate technological innovation in the payment services industry and democratise access to global payment solutions. With offices in Frankfurt, London and Cyprus, payabl. now serves a number of high-profile fintech customers including eToro and Bernstein Bank.
All new investors who contributed to Klarpay’s latest funding round were strategically selected based on their successful track record in driving business performance and their ability to positively contribute to Klarpay’s continued growth and expansion. It should also be noted that the company was initially bootstrapped by its founders Mihkel Vitsur and Martynas Bieliauskas.
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“Klarpay’s first external funding round marks an important step in our company’s trajectory as it will enable us to leverage the network and expertise of our newfound investor base to accelerate our growth in 2022 and beyond. More specifically, we intend to use the additional capital to drive our product-based growth strategy – aiming to grow our headcount, client base, and establish product-market fit,” said Martynas Bieliauskas, Klarpay CEO.
As the first FINMA licensed Swiss fintech to work exclusively with e-commerce, digital entrepreneurs, and social media influencers, Klarpay seeks to empower online businesses through cross-border, scalable, payment acceptance and remittance solutions. Founded in 2019, Klarpay’s innovative solution brings together decades of combined industry experience to offer digital entrepreneurs all-in-one business banking services, including access to multi-currency IBAN accounts, global payment acceptance, and digital disbursement services.