Klearly secures $6.42M to disrupt payments

Klearly secures $6.

• Klearly raises €6m in seed funding to enhance in-person payment systems.
• The company integrates payments directly into SaaS platforms, offering seamless solutions for SMBs.

What happened: Klearly raises $6.42M to modernise in-person payment systems

Klearly, a company revolutionising in-person payment systems, has raised €6 million in seed funding to fuel its expansion and technology development. The round was led by Global PayTech Ventures, Antler Elevate, and Shapers, with participation from prominent angel investors, including the former CEO of Mollie and the former COO of Adyen.

Klearly’s technology service replaces traditional payment hardware with software-based technology that operates across various devices, including Android, Apple, and modern terminals. The company’s flagship product, Tap to Pay, enables merchants to accept payments directly from smartphones without needing additional hardware.

The funding will help Klearly expand into new European markets, particularly targeting small and medium-sized businesses (SMBs). Klearly has already made substantial strides, onboarded 4,000 merchants, and seen a 500% growth in payment volumes in 2024.

The company’s success is underscored by its partnership with Apple, making it the first FinTech globally to introduce Tap to Pay on iPhone. This milestone highlights Klearly’s innovative approach to modernising payment processes for businesses.

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Why it’s important

The evolution of payment systems is increasingly crucial as businesses seek more flexible, cost-effective solutions. With 40% of point-of-sale (POS) systems in Europe still disconnected and over €7.9 trillion in annual POS volumes, the market for integrated payment systems is ripe for disruption.

Klearly’s approach aims to address these gaps by providing SMBs with customisable payment solutions that simplify contracts, eliminate hardware costs, and streamline pricing models. The company’s ability to scale rapidly, evidenced by its 500% growth, and its strategic partnership with Apple, position it as a key player in the modernisation of in-person payment technology.

As the market continues to shift, solutions like Klearly’s could redefine how businesses process payments and interact with customers.