19 October 2017
Find out more

Clear2Pay raises EUR15.7m

30 June 2006  |  6651 views  |  0 Pound Coin Cash

Belgium-based payments systems vendor Clear2Pay has secured EUR15.7 million in a funding round led by new investors AGF Private Equity and GIMV.

The company's existing investors Intel, Quest for Growth, TrustCapital, Big Bang Ventures and Clear2Pay's management also participated in the round.

Clear2Pay says it will use the funds to invest further in its research and development programme and its global infrastructure.

Jürgen Ingels, Clear2Pay's co-founder and CFO, says: "This year alone we will expand our teams and spend over EUR5 million to specify and build technology the market asks for. Our increasing revenues reflect the success of this strategy with a spread around Emea, Asia Pacific and the United States, where we opened up an operation last year."

Clear2Pay's CEO and chairman Michel Akkermans, says the firm has seen a 50% rise in revenue since its last capital increase in 2004, thanks to the technology investments made.

The vendor has dedicated teams of payment technology professionals in Asia Pacific and in the US as well as in Belgium.
KeywordsFINDEX

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

NAB contracts with Clear2Pay for Bank Payments Hub

NAB contracts with Clear2Pay for Bank Payments Hub

10 February 2006  |  11745 views  |  0 comments
Clear2Pay acquires Belgium's EFT

Clear2Pay acquires Belgium's EFT

06 October 2005  |  5952 views  |  0 comments
DnB Nor implements Clear2Pay payments hub technology

DnB Nor implements Clear2Pay payments hub technology

13 September 2005  |  6126 views  |  0 comments
Clear2Pay closes EUR6.1m third round financing

Clear2Pay closes EUR6.1m third round financing

27 October 2004  |  4338 views  |  0 comments
Clear2Pay completes second round funding

Clear2Pay completes second round funding

20 October 2003  |  3946 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15542 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8730 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8375 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7822 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6976 views comments | 9 tweets | 17 linkedin

Featured job

circa £250K total package
London

Find your next job