Dublin-based digital payments startup CleverCards has raised €8 million in funding from French company Pluxee, and existing investors, including Delta Partners and business angels.
- CleverCards was founded in 2019 by Kealan Lennon. The startup develops a digital payment system as well as prepaid debit cards that you can use to make in-person and online purchases.
- CleverCards is also one of Mastercard's partners. Through its platform, a legitimate virtual card can be added to the phone's virtual wallet by email or QR code scanning when it operates on smartphones. Any business can use the service to set up a virtual Mastercard with pre-established limitations that can be managed centrally by the finance manager of the organization.
- To date, the company has on boarded over 10,000 businesses directly with 350,000 users in 92 countries.
- The leading investor is Pluxee, a digital provider of employee benefits and engagement solutions. An app provides benefits for staff, rewards, and recognition that are all intended to increase people's value. At this moment, Pluxee has more than 3.5 million consumers and businesses among its members.
“The growth we have experienced in the past two years has been formidable, and this investment round is a show of confidence in our trajectory. Pluxee’s investment is a significant endorsement of our vision and strategy as we push forward in our mission to transform digital payments globally. Their belief in our potential to innovate and connect the digital economy across borders is energizing,” said Kealan Lennon, CEO of CleverCards.
- Fresh funding is planned to be used to increase CleverCards’s growth initiatives and support its goals to establish the most innovative digital payments platform globally.
