Amsterdam’s Klearly raises €12 million to satiate its appetite for building Europe’s best restaurant payments system
Amsterdam-based FinTech startup Klearly has secured €12 million in Series A funding, marking a significant step in its mission to revolutionize restaurant payment systems across Europe. This investment, led by PayPal Ventures, underscores the growing demand for specialized payment solutions tailored to the hospitality sector, demonstrating the potential for European tech companies to innovate in the digital payments landscape. The funding round saw participation from the Italian Founders Fund and existing investors, including Global PayTech Ventures. Klearly's platform integrates with existing restaurant POS systems and offers a device-agnostic solution, allowing businesses to accept payments without the need for new hardware. The company is approaching €1 billion in annualized total payment volume (TPV), with over 4,000 merchants in the Netherlands already utilizing its services. This investment will fuel Klearly's expansion into Italy and Belgium, with plans to build local go-to-market capabilities and deepen partner coverage. The startup aims to strengthen POS partnerships, advance product development, and expand its team across various departments. Klearly’s focus highlights a trend toward specialized payment systems designed to meet the unique needs of specific industries within the European market. This investment builds on Klearly's previous funding rounds, including a €6 million Seed round in January. The company's growth reflects the ongoing digital transformation of the hospitality industry and the increasing importance of efficient, integrated payment solutions.
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