Amsterdam-based startup, Klearly, has announced the successful raising of $2.5 million in a pre-seed funding round. The investment, led by Global PayTech Ventures, will fuel the expansion of Klearly's innovative 'Tap to Pay' solution, a unique application that transforms smartphones into card terminals, offering a seamless payment experience and business insights.
Klearly's app leverages Near Field Communication (NFC) chip technology to enable short-range wireless communication between devices. This 'soft' point-of-sale (POS) application allows merchants to accept payments directly via their smartphones, bypassing the need for traditional physical payment hardware. The app also provides transaction analysis, offering merchants valuable insights into their business operations.
Klearly has already processed nearly 30,000 payments and is the preferred partner for all major taxi companies in the Netherlands, including the international operator Bolt. The company recently completed a successful pilot program with drivers from Taxi Central Amsterdam (TCA) and Rotterdam Taxi Central (RTC). Interest in Klearly is also growing within the restaurant and canal cruise industries, resulting in a remarkable 173% increase in the number of payments processed by the fintech company in the past month.
Looking ahead, Klearly plans to further streamline its app and expand into other sectors and markets.