Klarpay AG Expands Payments by Enabling USD, GBP Accts

Klarpay AG marks a significant expansion of its international payment capabilities “with the launch of dedicated USD and GBP Accounts.”

This addition “enables digital companies, including online merchants, ad networks, marketplaces, and influencers, to collect and disburse USD and GBP payments globally via their corporate Klarpay account.”

With Klarpay’s Swiss IBAN accounts, businesses can “transact through SEPA and SWIFT in more than 90 countries and 70+ currencies via its Dashboard and APIs.”

Klarpay’s international accounts “are ideal for companies looking to expand globally through cross-border transactions.”

Martynas Bieliauskas, Klarpay CEO, said:

“As we continuously try to advance our offerings, adding dedicated USD and GBP accounts to our list of services opens numerous new doors for our merchant clients and us. Our clients can now store funds, accept payments, and send payouts in USD and GBP in addition to using Klarpay’s extensive cross-currency payments and FX network.”

Klarpay claims it “delivers predictable, secure, and cost-effective cross-border payments and FX capabilities, while it also enables its merchant clients to manage their cross-border transactions effectively using Klarpay’s all-in-one dashboard or via API.”

As noted in the update, Klarpay AG is a fintech company “offering online businesses access to multi-currency IBAN accounts, global payment acceptance, and digital disbursement solutions.”

As the first Swiss-licensed fintech company to work exclusively with e-commerce, digital entrepreneurs, and social media influencers, Klarpay seeks “to empower digital businesses through borderless, scalable, bespoke business accounts and payment solutions.”

Founded in 2019, Klarpay AG is “a deposit-taking financial institution authorized and regulated by the Swiss Financial Market Supervisory Authority (FINMA) under the Swiss Federal Banking Act, Article 1b.”

As reported in May 2022, Klarpay AG announced “the completion of its first external financing round, which raised a total of CHF 3M.”

The round was “led by established payments institution payabl. which was founded in 2010 with the mission to accelerate technological innovation in the payment services industry and democratize access to global payment solutions.”

With offices in Frankfurt, London and Cyprus, payabl. now “serves a number of high-profile fintech customers including eToro and Bernstein Bank.”

All new investors who contributed to Klarpay’s latest funding round were strategically “selected based on their successful track record in driving business performance and their ability to positively contribute to Klarpay’s continued growth and expansion.”

It should also be noted that the company “was initially bootstrapped by its founders Mihkel Vitsur and Martynas Bieliauskas.”

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