Funding of CHF3M was raised by Klarpay, a fintech company based in Zug, Switzerland.
Established payments institution Payabl led the round. With participation from other 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.
Klarpay was co-founded by Martynas and Mihkel Vitsur. It is an online fintech company that offers e-commerce, digital entrepreneurs and social media influencers access to multi-currency IBAN account, global payment acceptance and digital disbursement. It is a deposit-taking bank that has been authorized and regulated under Article 1b of the Swiss Federal Banking Act by the Swiss Financial Market Supervisory Authority.