Klarpay Raises CHF 3M in Funding


Klarpay, a Zug, Switzerland-based fintech company, raised CHF3M in funding.

The round was led by established payments institution payabl. with participation from other major strategic investors. payabl. Group CEO Ugne Buraciene who will join Klarpay’s advisory board.

The company intends to use the funds to drive its product-based growth strategy – aiming to grow its headcount, client base, and establish product-market fit.

Co-founded by Mihkel Vitsur and Martynas Bieliauskas, Klarpay is a fintech company offering online businesses such as e-commerce, digital entrepreneurs, and social media influencers, access to multi-currency IBAN accounts, global payment acceptance, and digital disbursement solutions. It is a deposit-taking financial institution authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA) under the Swiss Federal Banking Act, Article 1b.