Europe
Clear2Pay Raises EUR 15.7 Million
By Brussels
Jun 29, 2006, 08:19

Clear2Pay, the international software vendor of next generation payment solutions for financial institutions, today announced that it as closed its round of financing at EUR 15,7 million with AGF Private Equity and GIMV as co-lead and new investors in the company. The existing investors Intel, Quest for Growth, TrustCapital, Big Bang Ventures and Clear2Pay’s management also participate.

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Clear2Pay is an innovative payments technology company focused on delivering globally applicable solutions for secure, timely and streamlined payments processing. Clear2Pay's Open Payments Framework (OPF) enables financial institutions to improve internal payments processing efficiencies whilst at the same time provide their clients with better payment services that are faster, with richer payments related information. Clear2Pay's solutions within the Open Payments Framework (SOA) offer financial institutions the ability to process payments through a centralised payments engine that
utilises a library of re-useable business services across all payment types. The bank can thus combine new services models with existing infrastructures, thereby protecting previous investments whilst gradually moving to a more modern efficient payments environment. Clients include financial institutions such as ING, SEB Kort, VISA, MasterCard, ABN AMRO, Nordea, DnB NOR, Abbey National, Fortis Bank, NAB, Krung Thai Bank, ANZ and Commonwealth Bank. Clear2Pay operates out of Belgium (HQ), the Netherlands, Germany, Poland, Spain, United Kingdom, United States, China, Australia
and Singapore and currently employs over 220 staff.