Minister Coveney visits CleverCards as company announces 350,000 accounts opened
View original article at Enterprise Ireland
The digital payments platform enables businesses and public sector organisations to send digital Mastercard’s to anyone, anywhere, anytime to download instantly
CleverCards, the global digital payments platform, is set to embark on a new phase of growth with the announcement that it has opened 350,000 accounts, coupled with the creation of 35 positions at its head office in Sandyford, Dublin. The expansion, announced during a visit with Minister of Enterprise, Trade and Employment Simon Coveney, marks a significant milestone for the company, reinforcing its commitment to advancing digital payments and contributing to Ireland's thriving fintech ecosystem.
CleverCards is an Irish fintech company that launched their payments platform in 2022. Over 5,000 Irish businesses have sent CleverCards digital Mastercards to their employees and customers for tax-free benefits, payouts, and expenses.
CleverCards Mastercard limits, expiry dates and spend category restrictions can be configured by employers, with real-time spend visibility, giving them complete control over business expenses paid by employees online or in-store worldwide using Apple Pay or Google Pay.
Speaking on the announcement, Minister for Enterprise, Trade and Employment Simon Coveney says:
“In a testament to Ireland's thriving startup ecosystem, success stories like CleverCards continue to inspire growth. The Department of Enterprise Trade and Employment, in collaboration with Enterprise Ireland, invested €27 million in Irish start-ups, supporting a total of 161 companies in 2022. Today’s announcement that CleverCards will undergo further expansion, is very welcome. It is refreshing to see Irish enterprises such as CleverCards leading the charge in advancing digital payments across Europe, positioning Ireland as a pioneer in payments-related development and innovation.”
Karen Cohalan at Enterprise Ireland says:
“Enterprise Ireland welcomes this expansion by CleverCards. The growth of the company over the past 3 years has been driven by its agility and innovation. We look forward to working with Kealan and his expanded team in the future to support CleverCards’ ambitious plans to compete and win in international markets while continuing to create jobs here in Ireland.”
CleverCards Chief Executive and Founder, Kealan Lennon says:
“I am particularly proud of what we have achieved here at CleverCards over the past year. From facilitating tax-free benefits for hundreds of thousands of employees to streamlining the administration processes of over 5,000 businesses across Ireland, CleverCards continues to embody the essence of innovation and financial empowerment. I’d like to thank the Government for its support, enabling employers to provide CleverCards to employees tax-free under the Small Benefit Exemption. I look forward to further successes, pushing the boundaries of digital innovation and making Ireland a global fintech leader.”
The €1,000 tax-free non-cash benefit, designed to be versatile, contributes to the circular Irish economy. CleverCards, a pioneer in facilitating seamless transactions, is recognised for its role in getting money into the hands of employees and supporting local Irish businesses. CleverCards are entirely digital and accepted everywhere online and in-store using Apple or Google Pay, with no tap limits.