Swiss Neobank Klarpay Focused On Digital Merchants And Social Media Influencers!

Swiss fintech Klarpay is focused exclusively on e-commerce, digital merchants, and social media influencers. It offers cross-border payment acceptance and remittance solutions, including access to multi-currency IBAN accounts, global payment acceptance, and digital disbursement services. Founded in 2019 by the BDSwiss co-founder Mihkel Vitsur, Klarpay was one of the first Swiss fintech’s obtaining a banking license under the news Small Banks Regime.

As reported by FinTelegram recently, the key people of Payabl (formerly Powercash21) are former managers of the Wirecard scheme – Dietmar Knoechelmann, his wife Ayelet Fruchtlander Knoechelmann, Ruediger Trautmann, and Frank Schoonbaert. Payabl was the absorbing legal entity of former Wirecard satellite schemes such as Inatec or Powercash21 (report here).

In may 2022, Payabl successfully organized a seed finance round for Klarpay and also invested itself. In total, Klarpay was injected with CHF 3 million. As part of the Payabl engagement in Klarpay, Ugne Buraciene, Group CEO of Payabl, was appointed as advisor to Klarpay.

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