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Clear2Pay closes a third round of financing of ââ€Å¡Ã‚¬ 6,1 million

Wednesday 27 October 2004 09:43 CET | News

QUEST FOR GROWTH has invested ââ€Å¡Ã‚¬ 2,000,000 in Clear2Pay NV/SA. Other investors in this round, which closed at ââ€Å¡Ã‚¬ 6,1 million are current investors Technology Venture Partners (Australia); Koceram (Belgium) and Clear2Pay’s management.

The closing of this third investment round will enable Clear2Pay to effectuate their growth strategy. Previous acquisitions have not only allowed Clear2Pay to increase their international presence, but the subsequent integration also enabled them to accelerate the roll-out of their product strategy. At the annual SWIFT conference Sibos, Clear2Pay launched two examples of this: PayPark Bank Payment Hub and the upgraded Corporate2Bank solution in reply to current customer demand for more flexible and transparent payment solutions. By joining in this capital increase, Technology Venture Partners confirms its initial statement at the time of the Sienna acquisition, that it saw Clear2Pay as an investment rather than an exit strategy.


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Categories: Payments & Commerce | Payments General
Countries: World
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