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Irish paytech CleverCards has unveiled former Edenred executive Ray Brash as its new chief operating officer (COO) amid an “ambitious growth and expansion strategy”.

CleverCards, a leading global digital payments platform, has today announced the appointment of Ray Brash as its new Chief Operating Officer (COO).

CleverCards, the global digital payments platform, has today announced an €8m capital raise, including an investment from Pluxee, a global player in Employee Benefits and Engagement, and an additional investment from existing investors. The investment stands out in the current capital markets impasse and brings CleverCards’ total funding to date to €28m.

A startup that uses technology to stop employees from abusing corporate expenses just raised 8 million euros ($8.6 million) of funding from investors, defying a slump in investment for the financial technology industry.

CleverCards, a global digital payments platform, has announced an €8 million capital raise, including an investment from Pluxee, a global player in Employee Benefits and Engagement, and an additional investment from existing investors. The investment stands out in the current capital markets impasse and brings CleverCards’ total funding to date to €28 million.

Irish-headquartered CleverCards to use capital in accelerating expansion efforts, building on the rapid adoption of its configurable global payments platform.

The funds, from a variety of existing and new investors, will accelerate its expansion efforts, according to the company.

CleverCards is revolutionizing the global payment platform sector through its innovative, digitally distributed Mastercards. Find out more with CleverCards.

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. Find out more with CleverCards.

Irish payments start-up CleverCards is creating 35 new positions in Sandyford as it announces it has opened 350,000 accounts. Find out more with CleverCards.

Kealon Lennon’s firm, which has a lucrative deal with Mastercard, has seen a tripling of business in 2023. Find out more with CleverCards

Is your annual treat from your employer being sucked into your day-to-day spending? What did you spend your last bonus on? That’s assuming, of course, your company was offering them.

It was while taking part in an IDA Ireland trade mission to China in 2019 that Kealan Lennon hit upon the first spark of an idea for CleverCards, the payments platform provider that would, four years later, bring to market what the serial entrepreneur calls “Ireland’s first tax-free digital Mastercard”.

Like children writing their wish list for Santa Claus, startups lined up last Wednesday to make their case to Finance Minister Michael McGrath ahead of next month’s Budget 2024.

Challenges loom for Ireland’s status as one of Europe’s most popular destinations for foreign investment because a scarcity of affordable housing is having an impact on companies’ ability to find accommodation for their employees.

CleverCards allows firms to e-mail digital Mastercards to their employees, which they can use online or anywhere in the world.

When Monzo published its latest annual revenue figures in February, it provided a flicker of light after months of headlines about fintech down rounds and job cuts.

With the global horsepower of Mastercard as its payments partner, CleverCards may be about to hit its stride. Find out more with CleverCards

Stripe has reportedly told potential investors that the payments pie isn’t a zero-sum game: there’s room for a lot more expansion. Find out more with CleverCards.