BELGIUM - Clear2Pay raises additional EUR 2m from Iris Capital

Clear2Pay is a payments technology company focused on delivering globally applicable solutions for secure, timely and streamlined payments processing. The company is headquartered in Belgium, has operations in the Netherlands, Germany, Poland, Spain, the UK, the US, China, Australia and Singapore and currently employs over 220 staff.

The company first received funding in 2001 when Big Bang Ventures contributed half the equity in a EUR 1.8m round, the management making up the balance. A second round occurred in 2003, with EUR 5.35m being provided by Big Bang Ventures, Omega Pharma and private investor Christian Dumolin, chairman of Trust Capital. A EUR 1.5m third round completed later on that year from a consortium including Intel Capital, Big Bang Ventures, Koceram, Omega Pharma and the company's management. In December 2004, a fourth round of financing saw the company secure EUR 6.1m from Quest for Growth, Technology Venture Partners, Koceram and the management and in July this year, Clear2Pay received EUR 15.7m from AGF Private Equity, GIMV, Trustcapital management, Big Bang Ventures and management.

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• Topics
• Expansion
• Benelux
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