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Interpath Advisory has advised Irish-headquartered CleverCards on its €8m (£6.7m) funding round that will accelerate its growth ambitions.
The global digital payments platform has raised €8m (£6.7m) of capital in a fundraise led by Pluxee (Euronext: PLX), a global player in employee benefits and engagement business, and supported by existing investors. The funding round brings total capital raised to date to €28m (£23.69m).
Since its official market launch in 2023, the company has on boarded more than 10,000 businesses and 350,000 users across 92 countries. CleverCards enables businesses and public sector organisations to configure digital Mastercard’s that can be used by anyone, anywhere, at any time, and can be downloaded instantly.
The fundraising will provide the business with further capital to accelerate its expansion plans as it aims to create “the world’s most advanced digital payments platform”.
A team from Interpath, led by Liam Booth and James Gibson, provided lead corporate finance advisory to CleverCards.
Booth, managing director and head of Deals at Interpath Advisory in Ireland, said: “CleverCards has shown the depth of the Irish tech industry and its ability to attract both domestic and international investment. This fundraising adds further financial firepower to fuel an impressive growth story that has propelled the CleverCards platform onto the global stage and turned it into a leading player in the payments industry.
“It also broadens the investor base and adds a partner that is well-aligned and can catalyse its expansion globally. Clearly there is substantial appetite in the market to back organisations in Ireland that have compelling propositions, ambition, and growth potential. We look forward to continuing our support for Kealan and the team as the continue that journey.”
