Clear2Pay - About the company
Clear2Pay is an acquired company based in Brussels (Belgium), founded in 2001 by Jurgen Ingels. It operates as an A payments technology vendor. Clear2Pay has raised $92.4M in funding from investors like Gimv, Idinvest Partners and Hummingbird Ventures, with last known valuation of $*****. The company has 145 active competitors, including 15 funded and 13 that have exited. Its top competitors include companies like Ripple, Form3 and ISG.
Company Details
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 world's top 50 banks amongst its customers.
- Website
- clear2pay.com
Key Metrics
Founded Year
2001
Location
Brussels, Belgium
Stage
Acquired
Total Funding
$92.4M in 4 rounds
Latest Funding Round
Last Known Valuation
$***** as on Sep 03, 2014
Ranked
14th among 145 active competitors
Annual Revenue
€1M - €10M as on Dec 31, 2015
Employee Count
165 as on Aug 31, 2026
Investment & Acquisitions
Exit Details
Acquired by FIS (Sep 03, 2014)
Legal entities associated with Clear2Pay
Clear2Pay is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
BTW-EENHEID CLEAR2PAY CIN: 0844.850.402 , Belgium, Active | Apr 01, 2012 | - | - | - |
CLEAR2PAY BELGIUM CIN: 0430.605.764 , Belgium, Active | Mar 19, 1987 | - | - | - |
CLEAR2PAY CIN: 0472.753.848 , Belgium, Active | Sep 05, 2000 | €1M - €10M (As on Dec 31, 2015) | 2 (As on Dec 31, 2020) | - |
Clear2Pay's acquisition details
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Clear2Pay's funding and investors
Clear2Pay has raised a total funding of $92.4M over 4 rounds. Its first funding round was on Jan 2006. Its latest funding round was a Series C round on Dec 07, 2009 for $*****. 1 investor participated in its latest round. Clear2Pay has 5 institutional investors.
Here is the list of recent funding rounds of Clear2Pay:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 07, 2009 | 8548236 | Series C | 9833021 | 6679455 | 4946736 | 7429375 |
Dec 16, 2008 | 6833490 | Series B | 7818241 | 1466300 | 8178756 | 4196704 |
Jan 31, 2008 | 4853194 | Series B | 5024105 | 9880134 | 1292907 | 7378517 |
View details of Clear2Pay's funding rounds and investors
Clear2Pay's founders and board of directors
Founder? Claim ProfileThe founders of Clear2Pay is Jurgen Ingels.
Here are the details of Clear2Pay's key team members:
- Jurgen Ingels: Co-Founder of Clear2Pay and founder of 3 other companies, Scale-Ups.eu, Projective and NGDATA.
- Jean Crane: CEO of Clear2Pay.
View details of Clear2Pay's Founder profiles and Board Members
Clear2Pay's employee count trend
Clear2Pay has 165 employees as of Aug 26. Here is Clear2Pay's employee count trend over the years:
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Clear2Pay's Competitors and alternates
Top competitors of Clear2Pay include Ripple, Form3 and ISG. Here is the list of Top 10 competitors of Clear2Pay, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Ripple 2012, San Francisco (United States), Series D | Provider of blockchain and financial infrastructure solutions for cross-border payments and digital asset custody | $853M | 80/100 | |
2nd | Form3 2016, London (United Kingdom), Series C | Provider of cloud-based merchant acquiring solutions for banks | $278M | 63/100 | |
3rd | Provider of payment processing software for card issuance and switching | $9.01M | 61/100 | ||
4th | Infinant 2021, Charlotte (United States), Series A | Provider of a platform for banks to manage accounts and payments | $20M | 60/100 | |
5th | Tassat 2017, New York City (United States), Series B | Blockchain-based solutions for the financial solutions sector | $78.6M | 57/100 | |
6th | Montran 1979, New York City (United States), Unfunded | Provider of payment, settlement and CSD solutions to banks | - | - | 52/100 |
7th | Provider of quality assurance and testing automation services for banking and financial services industries | $9.9M | 51/100 | ||
8th | AI-enabled banking software suite and merchant banking solutions | $13.7M | 48/100 | ||
9th | Merchant acquirer payment processing solutions for businesses | $10.2M | 48/100 | ||
10th | Lorum 2023, New York (United States), Seed | Provider of infrastructure for multi-currency clearing and virtual IBAN accounts | $6.6M | 47/100 | |
14th | A payments technology vendor | $92.4M | 44/100 |
Looking for more details on Clear2Pay's competitors? Click here to see the top ones
Clear2Pay's Investments and acquisitions
Clear2Pay has not made any investments yet. Clear2Pay has made 5 acquisitions.Here is the list of latest three $acquisitions:
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Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Nov 22, 2011 | Acquisition | 2002 | Fremont (United States) | |
Nov 13, 2011 | Acquisition | 1995 | Edinburgh (United Kingdom) | |
Jun 29, 2011 | Acquisition | 1997 | Jacksonville (United States) |
See all acquisitions by Clear2Pay
Reports related to Clear2Pay
Here is the latest report on Clear2Pay's sector:
News related to Clear2Pay
•
Apiture Announces Chris Babcock and Matt Ellis Join Executive TeamPRWeb•Oct 16, 2019•Apiture, Clear2Pay
•
Clear2Pay Raises Another €6 Million For Payment Transaction Technology – TechCrunchTechCrunch+•Dec 16, 2008•FIS, Clear2Pay, Hummingbird, Gimv and 2 others
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