News

Press Releases

Clear2Pay completes B-round funding with additional investment from Intel.

Brussels, 20 October 2003 – Brussels based payments software vendor Clear2Pay announced today that it has completed its B-round funding with an additional investment from Intel Capital. The investors in the B-round included Big Bang Ventures, Koceram, Omega Pharma and the management. This additional extension brings the total raised capital to 8,4 million euro.

“The board of directors of Clear2pay had the option to extend the B-round. The extension provides the company with additional financial means. The funds will be used to enable Clear2pay to further develop its portfolio of products for the e-payments market segment and accelerate its growth strategy. We expect financial institutions to increase spending on payment technology and systems in order to bring more convenience to customers and bring down costs.” says Michel Akkermans, Chairman and CEO of Clear2Pay.

Stephane Goubau, Intel’s Director of Strategic Investments in the Western European Region, states, "This investment is part of Intel's commitment to invest in ecosystem solutions that help remove the barriers for efficient e-business."

“An international expansion of our shareholding structure will enable Clear2Pay to execute its expansion plans. A recent example of this strategy is the acquisition of MaXware Benelux in the Netherlands, now Clear2Pay Nederland” says Jürgen Ingels, co-founder and CFO of Clear2Pay.

 

About Clear2Pay

Clear2Pay is an innovative e-finance company focused on delivering globally applicable solutions for secure, timely electronic payments. Headquartered in Brussels, Belgium, the company's focus is to facilitate banks and financial organizations in their provision of electronic payments services. Clear2Pay's technology helps to reduce transactions processing costs, and to deliver new, compelling e-payment services in a competitive way. Clear2Pay's payment solutions offer organizations easy, branded ways for their customers to pay online: from complex trade-supporting business-to-business environments, through e-commerce applications, to retail payments and micropayments. Functions embrace payments origination, reporting, linkage with back-office processing systems, clearing, netting and settlement. In September 2002, the company announced a multi-million euro contract with Visa EU for the development of its new cross-border money transfer service, Visa Direct.

More information is available on www.clear2pay.com.

 

About Intel

Intel is the largest producer of microprocessors in the world; it is also a leader manufacturing components for computers, networks and telecommunications.

You can obtain more information about Intel at www.intel.com/pressroom.

 

About Intel Capital

Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy in support of Intel's strategic interests. Intel Capital invests in hardware, software and services companies in several market segments, including computing, networking, and wireless communications. Intel Capital invested approximately 200 million dollars worldwide last year, and is considered one of the most active investors in the technology sector. In order to obtain more information about Intel Capital, please visit www.intel.com/capital.

 

For more information:

Clear2Pay NV/SA
Conny Dorrestijn - VP Marketing and Communications
E:
P: +32 15 79 52 00

Intel Capital
Stephan Goubau - Director Strategic Investments West-European Region
Veldkant 31
1550 Kontich
Belgium
T: +32 3 450 08 11

> Back