CleverCards, the Irish digital payments innovator, has secured a significant €8m funding round.
This latest investment features contributions from Pluxee, a key player in Employee Benefits and Engagement, along with additional support from previous investors, according to a report from FinTech Finance News.
This capital injection brings the company’s total raised funds to €28m.
Launched officially in 2023, CleverCards has swiftly become a leading figure in the global digital payments arena. The platform is revolutionizing how businesses and public sector entities utilize digital Mastercards, offering the capability to create and distribute cards instantaneously to anyone worldwide. Presently, the platform supports over 10,000 businesses and has reached 350,000 users across 92 countries.
The funds from this round are earmarked for accelerating CleverCards’ expansion and scaling efforts. The company aims to solidify its position as the world’s most sophisticated digital payments platform, responding to the unmet needs within the current market and pushing the boundaries of what is possible in digital finance.
In anticipation of further growth, CleverCards has also enhanced its Board of Directors, welcoming five new non-executive members with extensive experience in scaling payment technologies globally.
Investor Confidence and Market Impact: CleverCards CEO Kealan Lennon shared his views on the funding round, stating: “The growth we have experienced in the past two years has been formidable, and this investment round is a show of confidence in our trajectory. Pluxee’s investment is a significant endorsement of our vision and strategy as we push forward in our mission to transform digital payments globally. Their belief in our potential to innovate and connect the digital economy across borders is energising.”
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