CleverCards, a leading digital payments platform based in Dublin, has raised €8 million in a new funding round. This investment includes contributions from Pluxee, a major player in Employee Benefits and Engagement, as well as additional investments from existing backers. Despite the challenging capital markets, this latest funding brings CleverCards’ total investment to date to €28 million.
Since its official launch in 2023, CleverCards has seen remarkable growth. The platform has onboarded over 10,000 businesses and reached 350,000 users across 92 countries. CleverCards has quickly become a significant player in the digital payments industry, enabling businesses and public sector organizations to configure and send digital Mastercards to anyone, anywhere, instantly.
The new capital will be used to accelerate CleverCards’ expansion efforts and support its ambitious goal of creating the world’s most advanced digital payments platform. To further these efforts, CleverCards has strengthened its Board of Directors with five new non-executive members who bring extensive experience in scaling payments technology globally.
Kealan Lennon, CEO and founder of CleverCards, expressed enthusiasm about the company’s trajectory and the recent investment. “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 energizing,” said Lennon.
CleverCards’ rapid expansion is driven by the needs of its B2B customers and cardholders, who are looking for solutions that traditional financial institutions have not been able to provide. The partnership with Pluxee not only aims to help CleverCards scale its employee and social welfare benefits products but also positions the company for broader opportunities in the market.
This funding round highlights the growing demand for innovative digital payment solutions and CleverCards’ ability to meet these needs. With the new investment, the company is well-positioned to continue its rapid growth and make significant strides in the digital payments industry.
As CleverCards looks to the future, its focus remains on expanding its global footprint and enhancing its platform to deliver even more value to its users. By leveraging the latest technologies and maintaining a customer-centric approach, CleverCards aims to redefine the digital payments landscape and connect the digital economy across borders.
The strategic expansion of its Board of Directors is a crucial step in this journey, bringing in seasoned experts who can guide the company through its next phase of growth. With this strong foundation, CleverCards is poised to achieve its vision of becoming the leading digital payments platform worldwide.
The company’s innovative approach and commitment to excellence have already made it a trusted partner for businesses and public sector organizations around the globe. As it continues to innovate and expand, CleverCards is set to play a pivotal role in the future of digital payments.
