About Clear2Pay
Clear2Pay is a company based in Brussels (Belgium) founded in 2001 was acquired by FIS in September 2014.. Clear2Pay has raised $92.39 million across 4 funding rounds from investors including FIS, Idinvest Partners and Aquiline Capital Partners. The company has 2 employees as of December 31, 2020. Clear2Pay has completed 5 acquisitions, including Diagram EDI, ISTS Worldwide and JWARE Technologies. Clear2Pay operates in a competitive market with competitors including Incedo, Allied Payment, Tassat, Mindgate and Silot, among others.
- Headquarter Brussels, Belgium
- Employees 2 as on 31 Dec, 2020
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$1.4 M (USD)-49as on Dec 31, 2021
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Net Profit
$23.4 M (USD)336as on Dec 31, 2021
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EBITDA
$23.64 M (USD)350as on Dec 31, 2021
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Total Equity Funding
$92.39 M (USD)
in 4 rounds
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Latest Funding Round
$73.5 M (USD), Series C
Dec 07, 2009
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Investors
FIS
& 5 more
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Employee Count
2
as on Dec 31, 2020
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Investments & Acquisitions
Diagram EDI
& 4 more
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Acquired by
FIS
(Sep 03, 2014)
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Funding Insights of Clear2Pay
Clear2Pay has successfully raised a total of $92.39M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $73.5 million completed in December 2009. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $73.5M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2009 | Amount | Series C - Clear2Pay | Valuation |
investors |
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| Dec, 2008 | Amount | Series B - Clear2Pay | Valuation | Hummingbird Ventures , Gimv |
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| Jan, 2008 | Amount | Series B - Clear2Pay | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Clear2Pay
Clear2Pay has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include FIS, Idinvest Partners and Aquiline Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity and debt investments are directed toward financial sectors.
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Founded Year | Domain | Location | |
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Investments in early-stage startups are focused on by Hummingbird Ventures.
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Founded Year | Domain | Location | |
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Private equity firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Clear2Pay
Clear2Pay has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Diagram EDI, ISTS Worldwide and JWARE Technologies. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Software development services are provided by ISTS Worldwide.
|
2002 | ||||
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Payment software for card processes is supplied to financial institutions.
|
2002 | ||||
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Testing solutions for payment systems are provided to global businesses.
|
1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Clear2Pay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Clear2pay Comparisons
Competitors of Clear2Pay
Clear2Pay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Incedo, Allied Payment, Tassat, Mindgate and Silot, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital transformation services are provided by Incedo for enterprises.
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| domain | founded_year | HQ Location |
Payment processing solutions are offered to banks and credit unions.
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| domain | founded_year | HQ Location |
Blockchain-based solutions for financial services are provided by Tassat.
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| domain | founded_year | HQ Location |
Digital payment platforms and transaction management services are provided.
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| domain | founded_year | HQ Location |
AI-enabled banking software and merchant solutions are provided.
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| domain | founded_year | HQ Location |
Merchant acquirer payment processing solutions for businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Clear2pay
Frequently Asked Questions about Clear2Pay
When was Clear2Pay founded?
Clear2Pay was founded in 2001 and raised its 1st funding round 5 years after it was founded.
Where is Clear2Pay located?
Clear2Pay is headquartered in Brussels, Belgium. It is registered at Brussels, Brussels-capital Region, Belgium.
Is Clear2Pay a funded company?
Clear2Pay is a funded company, having raised a total of $92.39M across 4 funding rounds to date. The company's 1st funding round was a Series B of $10.59M, raised on Jan 01, 2006.
How many employees does Clear2Pay have?
As of Dec 31, 2020, the latest employee count at Clear2Pay is 2.
What is the annual revenue of Clear2Pay?
Annual revenue of Clear2Pay is $1.4M as on Dec 31, 2021.
What does Clear2Pay do?
Clear2Pay is a Belgium based company providing payment solutions to financial institutions. It provides a variety of products and services like Bank Payment Hub (an umbrella payment solutions), Open Payment Framework (common reusable services like choreographed business payment processes) and other payment solutions like international payments, domestic payments and electronic banking. It also provides certain value-added-services like dispute management, remittances, maintenance of tax payment formats and bill presentment and payments. In September 2014 Clear2Pay was acquired by FIS, a US based provider of banking and payment technology solutions, for 492M. It counts 40 of the worlds top 50 banks amongst its customers.
Who are the top competitors of Clear2Pay?
Clear2Pay's top competitors include Mindgate, Allied Payment and Tassat.
How many acquisitions has Clear2Pay made?
Clear2Pay has made 5 acquisitions, including Diagram EDI, ISTS Worldwide, and JWARE Technologies.
Who are Clear2Pay's investors?
Clear2Pay has 6 investors. Key investors include FIS, Idinvest Partners, Aquiline Capital Partners, Gimv, and Hummingbird Ventures.