Klearly raises $14 million Series A led by PayPal Ventures to expand restaurant payments platform
The fintech startup is nearing $1 billion in annual payment volume as it scales across Europe.
Fintech company Klearly, which provides a payments platform for restaurants, bars, and clubs, has raised $14 million in a Series A round led by PayPal Ventures, the investment arm of payments giant PayPal. The round included participation from the Italian Founders Fund and existing investors Global PayTech Ventures, Antler Elevate, and Shapers. The financing brings Klearly’s total funding since its founding to $24 million.
Klearly was founded in 2023 by Sam Koekoek (CEO), who immigrated to Israel from Amsterdam, together with Edan Dil (Chief Strategy Officer) and two additional co-founders from the Netherlands. After moving to Israel, Koekoek joined fintech company UNIPaaS, founded by David Avgi, the former CEO of SafeCharge. There, he met Maya Carmeli (CPO) and Maor Ben-Asulin (CTO), who joined Klearly shortly after its Seed round. Together, they now form the company’s senior management team in Israel.
The company employs 40 people, with a development center in Tel Aviv and offices in the Netherlands, Italy, and Belgium. The annual volume of payments processed through Klearly’s platform is approaching $1 billion, with growth rates of several hundred percent since the product’s launch.
The company’s solution is a payments layer that integrates directly with existing POS systems and runs on merchants’ current hardware. That design choice, avoiding both proprietary devices and full POS replacement, is central to Klearly’s strategy. For operators, it lowers switching costs. For the company, it places Klearly in a supporting but deeply embedded role inside restaurant workflows.
“Klearly has a simple mission: to build Europe’s best payments system for restaurants, bars, and clubs,” said Koekoek. “We’re not a generic payments player, and we don’t force merchants to switch POS. Instead, we provide a payment layer purpose-built for hospitality that supports leading operators and the leading POS providers. This funding will allow us to accelerate our expansion across Europe, hire across engineering and operations, and continue strengthening our product depth.”
