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Clear2Pay closes EUR6.1m third round financing

27 October 2004  |  4342 views  |  0 cash - euros

Belgium-based payments systems vendor Clear2Pay has secured EUR2 million from new investor Quest for Growth and an additional EUR4.1 million from exisiting investors Technology Venture Partners (Australia) Koceram (Belgium) and its own management in a third round of financing.

Jürgen Ingels, co-founder and CFO, Clear2Pay, says: "The closing of this third investment round will enable us to effectuate our growth strategy."

Clear2Pay recently moved into the Asia Pacific market by acquiring electronic payments vendor Sienna Technologies from Australian firm Technology Venture Partners. The company also bought out Element, a Brussels-based provider of card payments software, in January this year.
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