Klearly Secures €6M Seed Funding to Revolutionize In-Person Payment Solutions

Klearly Secures €6M Seed Funding to Revolutionize In-Person Payment Solutions

Klearly, a pioneering company focused on transforming in-person payments, has successfully raised €6 million in a seed funding round. This funding is set to enhance their innovative approach to payment solutions, especially for small and medium-sized businesses (SMBs).

Funding Details and Key Investors

This significant funding round was led by Global PayTech Ventures, alongside Antler Elevate and Shapers. Notable angel investors participated as well, including the former CEO of Mollie and the former COO of Adyen. This backing underscores the confidence in Klearly’s mission to modernize payment systems.

Klearly’s Innovative Payment Solutions

Klearly is on a mission to replace outdated bank-supplied hardware with advanced, data-driven technology that is compatible with various devices, including:

  • Android smartphones
  • Apple devices
  • Modern payment terminals

By integrating their payment solutions directly into SaaS platforms, Klearly simplifies operations for SMB merchants, removing the need for complex contracts and making pricing structures more straightforward.

Expansion Plans in Europe

The newly acquired capital will support Klearly’s expansion into additional European markets, allowing their SaaS partners to provide seamless in-person payment solutions to a broader range of SMB merchants. This strategic move is expected to drive growth and enhance customer experience.

Achievements and Growth Metrics

Klearly has already made impressive strides, including:

  • Onboarding over 4,000 merchants
  • A remarkable 500% increase in payment volume projected for 2024

The company’s flagship product, Tap to Pay, enables merchants to securely accept payments on everyday devices, such as smartphones. Notably, Klearly has been recognized by Apple as the first FinTech globally to launch Tap to Pay on iPhone, showcasing their innovative capabilities.

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Expert Insights on Market Potential

Javier Perez, founder of Global PayTech Ventures, remarked, “We believe that the successful players in this space will be those that offer merchants the flexibility to customize solutions tailored to their unique business needs.” He emphasized Klearly’s position as a leading solution in Europe to capitalize on current trends.

Martell Hardenberg, a partner at Antler Elevate, added, “With 40% of POS systems in Europe still disconnected and €7.9 trillion in annual POS volumes, the market is ripe for disruption with integrated solutions. Klearly’s technology and customer-centric approach perfectly position it to lead this transformation.”

Conclusion

Klearly is set to make waves in the payment processing industry, providing SMBs with the tools they need to thrive in a rapidly changing market. For more information on Klearly and its innovative solutions, visit their official website or check out more about payment solutions on Forbes.

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