CleverCards fundraises €8M to accelerate its ambitious growth plan

Interpath Advisory, an independent financial advisory firm, has successfully advised CleverCards, a global digital payments platform headquartered in Ireland, on an €8 million funding round. This significant raise will accelerate CleverCards’ ambitious growth plans.

The €8 million capital injection was led by Pluxee (Euronext: PLX), a global leader in employee benefits and engagement, with support from existing investors. This latest funding round brings CleverCards’ total capital raised to €28 million.

Since its official market launch in 2023, CleverCards has onboarded over 10,000 businesses and 350,000 users across 92 countries, establishing itself as a leading digital payments platform. The company allows businesses and public sector organizations to configure digital Mastercards that can be used by anyone, anywhere, at any time, and downloaded instantly.

This new funding will provide CleverCards with the resources to further accelerate its expansion, aiming to create ‘the world’s most advanced digital payments platform.’ The strategic partnership with Pluxee grants CleverCards access to Pluxee’s extensive network, industry expertise, and resources. Additionally, CleverCards has welcomed five new non-executive members to its Board of Directors.

Since its official market launch in 2023, the company has experienced substantial growth, onboarding over 10,000 businesses directly with 350,000 users in 92 countries. CleverCards has already grown into one of the world’s leading digital payments platforms, enabling Businesses and Public Sector organisations to configure digital Mastercard’s themselves and send them to anyone, anywhere, anytime to download instantly.

Kealan Lennon, CEO and founder of CleverCards, commented:

“The growth we have experienced in the past two years has been formidable, and this investment round is a show of confidence in our trajectory. Pluxee’s investment is a significant endorsement of our vision and strategy as we push forward in our mission to transform digital payments globally. Their belief in our potential to innovate and connect the digital economy across borders is energising.”