Clear2Pay NV, a Belgian provider of payment solutions for financial institutions, has raised EUR 10 million in new VC funding from existing shareholder Iris Capital. The company previously had raised around $40 million, from firms like Iris, Big Bang Ventures, Intel Capital, GIMV, Quest Management, AGF Private Equity and TrustCapital Partners.
Clear2Pay, the international technology provider of next generation payment solutions for financial institutions today announced a capital increase of EUR 10 million by its current investors. Iris Capital, a pan-European venture and development capital company and investor since November 2006, took the lead in this internal round.
Erkan Kilicaslan, Partner at Iris Capital Management states: “We stand very strong by our statement at the time of our first investment and I am even more convinced today that we are building a market winner. The future outlook for financial software solutions remains positive and analysts, banks and technology framework partners alike are now truly convinced of the future proof nature of Service Oriented Architecture (SOA), on which the Open Payment Framework is based, and the ability it offers financial institutions to embrace both new and proprietary environments. Finally, we are very impressed with the excellent execution of the growth strategy by the management team under Michel Akkermans' lead.”
Jurgen Ingels, Co-founder and CFO of Clear2Pay adds: “Our investors wholeheartedly underwrite the strategy we are currently executing, such as sustaining a very targeted acquisition and integration strategy, expansion in
Clear2Pay is an innovative financial technology company focused on delivering globally applicable solutions for secure, timely electronic payments. Headquartered in
More information is available on www.clear2pay.com