Clear2Pay Raises Another €6 Million For Payment Transaction Technology

Clear2Pay, a provider of technology that powers advanced payment solutions used primarily by financial institutions, has raised a total of €6 million by its current investors AGF, IRIS Capital, Big Bang Ventures, GIMV, Trust Capital and management.

Clear2Pay delivers globally applicable solutions for e-payments, facilitating banks and financial organizations in their provision of payments services while reducing transaction processing costs. Clear2Pay’s payment solutions offer these organizations a branded way for their customers to pay online, including trade-supporting B2B environments, e-commerce applications and remittance services. The company also offers a ‘Open Payment Framework (OPF)’, which is essentially a library of component building blocks from which payments solutions can be derived.

The company has raised nearly €30 million in funding to date, so it seems like the company is simply battening down the hatches for the next years, considering the fact that the majority of its customer base of financial institutions is currently in a very deep crisis.