Klearly Secures $14M for European Payment Revolution
January 14, 2026, 3:38 am
Amsterdam-based fintech Klearly secured $14 million in Series A funding, spearheaded by PayPal Ventures. The investment fuels its rapid European expansion. Klearly pioneers hardware-free payment solutions for restaurants, bars, and clubs. Its "Tap to Pay" technology transforms smartphones and tablets into payment terminals. This innovation seamlessly integrates with existing point-of-sale systems. It eliminates costly hardware overhauls. Klearly’s approach targets efficiency, cost reduction, and faster merchant onboarding. PayPal's move reflects a broader strategic focus on European fintech and device-agnostic payment innovation. The capital supports Klearly's market growth and product development, positioning it as a key disruptor in the hospitality payment sector.
Amsterdam's Klearly secured a major Series A funding round. The fintech raised $14 million. PayPal Ventures led the investment. This capital injection accelerates Klearly's European expansion.
Klearly targets the hospitality sector. Restaurants, bars, and clubs are its focus. The company offers a disruptive payment platform. It simplifies transactions for high-volume venues.
Traditional payment systems often demand proprietary hardware. Klearly bypasses this requirement. It offers a "payments layer." This layer runs on existing devices. It integrates with current point-of-sale (POS) infrastructure.
Its core innovation is "Tap to Pay" technology. Smartphones and tablets become payment processors. This works across Android, Apple, and modern terminal systems. Apple recognized this breakthrough. Klearly was the first globally to launch Tap to Pay on iPhone.
This hardware-free model offers substantial benefits. Businesses avoid expensive system overhauls. Installation headaches disappear. Costs are drastically reduced. Merchants start accepting payments faster.
Klearly's platform boasts advanced features. It supports advanced tipping options. Owners and managers gain vital insights. Reporting dashboards simplify administration. Reconciliation becomes efficient. Performance understanding improves.
The system is device-agnostic. It supports NFC across Android and iOS. Venues standardize operations. They use diverse device setups without friction. This flexibility is a key differentiator.
The company has shown explosive growth. Klearly onboarded 4,000 merchants. Payment volume surged 500% in 2024. It processes nearly $1 billion in annual payment volume. This rapid trajectory is impressive. Klearly achieves this with just 40 employees. Teams operate across Tel Aviv, Netherlands, Italy, and Belgium. Total funding now stands at $24 million since its 2023 founding.
PayPal's investment signifies a larger strategy. The payments giant focuses on European expansion. This is part of an aggressive portfolio build. PayPal earlier led a €25 million Series B for French wealth management app Finary.
European payment innovation is a key target. The market offers immense potential. Its Buy-Now-Pay-Later (BNPL) sector exemplifies this. The European BNPL market projects to hit $190 billion by 2025. It could reach $293 billion by 2030.
PayPal reinforces its commitment to Europe. It renewed a €65 billion agreement with KKR. This expands BNPL services across major European markets. France, Germany, Italy, Spain, and the UK are included. This deal extends through 2028.
PayPal's investment pattern reveals its vision. It backs companies focusing on global market entry. Financial services expansion is paramount. They seek innovation beyond traditional payment processing. PayPal has supported over 30 companies. It forged hundreds of partnerships.
Klearly aligns perfectly with this vision. Its device-agnostic solutions are critical. These solutions represent the next wave of payment innovation. PayPal positions itself to dominate this landscape.
The new capital empowers Klearly's future. It will build local go-to-market capabilities in Italy. Expansion into Belgium is planned. Deeper partnerships with POS providers are crucial. The company will invest in product development. Team growth is a priority. Engineering, operations, and commercial roles will expand.
Klearly's journey disrupts the status quo. It offers a modern, efficient payment solution. The hospitality industry gains significant advantages. Reduced operational complexity and enhanced customer experience define its impact.
This strategic funding fuels a critical shift. Businesses demand flexible payment options. Klearly delivers these solutions. It makes transaction processing seamless. It enhances profitability for merchants. The company redefines how European hospitality handles payments. Its future in the fintech sector appears robust and transformative.
Amsterdam's Klearly secured a major Series A funding round. The fintech raised $14 million. PayPal Ventures led the investment. This capital injection accelerates Klearly's European expansion.
Klearly targets the hospitality sector. Restaurants, bars, and clubs are its focus. The company offers a disruptive payment platform. It simplifies transactions for high-volume venues.
Traditional payment systems often demand proprietary hardware. Klearly bypasses this requirement. It offers a "payments layer." This layer runs on existing devices. It integrates with current point-of-sale (POS) infrastructure.
Its core innovation is "Tap to Pay" technology. Smartphones and tablets become payment processors. This works across Android, Apple, and modern terminal systems. Apple recognized this breakthrough. Klearly was the first globally to launch Tap to Pay on iPhone.
This hardware-free model offers substantial benefits. Businesses avoid expensive system overhauls. Installation headaches disappear. Costs are drastically reduced. Merchants start accepting payments faster.
Klearly's platform boasts advanced features. It supports advanced tipping options. Owners and managers gain vital insights. Reporting dashboards simplify administration. Reconciliation becomes efficient. Performance understanding improves.
The system is device-agnostic. It supports NFC across Android and iOS. Venues standardize operations. They use diverse device setups without friction. This flexibility is a key differentiator.
The company has shown explosive growth. Klearly onboarded 4,000 merchants. Payment volume surged 500% in 2024. It processes nearly $1 billion in annual payment volume. This rapid trajectory is impressive. Klearly achieves this with just 40 employees. Teams operate across Tel Aviv, Netherlands, Italy, and Belgium. Total funding now stands at $24 million since its 2023 founding.
PayPal's investment signifies a larger strategy. The payments giant focuses on European expansion. This is part of an aggressive portfolio build. PayPal earlier led a €25 million Series B for French wealth management app Finary.
European payment innovation is a key target. The market offers immense potential. Its Buy-Now-Pay-Later (BNPL) sector exemplifies this. The European BNPL market projects to hit $190 billion by 2025. It could reach $293 billion by 2030.
PayPal reinforces its commitment to Europe. It renewed a €65 billion agreement with KKR. This expands BNPL services across major European markets. France, Germany, Italy, Spain, and the UK are included. This deal extends through 2028.
PayPal's investment pattern reveals its vision. It backs companies focusing on global market entry. Financial services expansion is paramount. They seek innovation beyond traditional payment processing. PayPal has supported over 30 companies. It forged hundreds of partnerships.
Klearly aligns perfectly with this vision. Its device-agnostic solutions are critical. These solutions represent the next wave of payment innovation. PayPal positions itself to dominate this landscape.
The new capital empowers Klearly's future. It will build local go-to-market capabilities in Italy. Expansion into Belgium is planned. Deeper partnerships with POS providers are crucial. The company will invest in product development. Team growth is a priority. Engineering, operations, and commercial roles will expand.
Klearly's journey disrupts the status quo. It offers a modern, efficient payment solution. The hospitality industry gains significant advantages. Reduced operational complexity and enhanced customer experience define its impact.
This strategic funding fuels a critical shift. Businesses demand flexible payment options. Klearly delivers these solutions. It makes transaction processing seamless. It enhances profitability for merchants. The company redefines how European hospitality handles payments. Its future in the fintech sector appears robust and transformative.