Swiss Fintech Klarpay AG Achieves Profitability in First Year of Operations

Klarpay AG is pleased to announce that it has achieved profitability in its first operational year.

The company claims that its profitability and the interest from venture capitalists “are a testament to its team’s hard work and dedication.”

Klarpay notes that it is now “well-positioned to continue its growth and success in the future.”

Despite the challenging economic conditions in the fintech industry and global markets, Klarpay has reportedly “established a solid foundation and implemented its business model to achieve results.”

Klarpay reveals that it “experienced steady growth throughout the year, derived from strong demand for its services, closing the year with more than 120 corporate clients.”

The company “reached monthly profitability only six months from launch in August 2022 and sustained this until the end of the year to close with an overall substantial annual profit.”

Martynas Bieliauskas, CEO and Co-founder of Klarpay, stated

“We are thrilled to have reached this important milestone. Our focus on a sustainable business model sets us apart from many of our peers in the fintech industry who struggle to achieve profitability, especially so early in a company’s lifecycle. We are excited to continue building on this success in the coming year.”

Klarpay’s focus for 2023 will be “on continuing its organic operating model as well as maintaining the efficiency of its products and overall service, which has proven to be a key driver of its success.”

The company “has an elegantly designed product built on proprietary software that fills a gap in the market and is committed to delivering innovative solutions that meet the evolving needs of its customers and partners.”

As evidenced by the recently “announced expansion of its international payments offering with the launch of 13 new foreign currency accounts.”

Klarpay’s product roadmap for 2023 and beyond aims “to sustain demand and growth to help realise its projected targets.”

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