Amsterdam-based Klearly, a payments platform for restaurants, bars, and clubs, has raised €12 million in Series A funding, bringing its total capital raised to €20 million. The round was led by PayPal Ventures, with participation from Italian Founders Fund and existing investors including Global PayTech Ventures, Antler Elevate, and Shapers.
Although the payments market is highly competitive, many restaurants continue to rely on generic, legacy payment systems that are not specifically designed for hospitality operations, particularly during peak service periods. Klearly addresses this gap by providing a payments platform built for the restaurant industry, with a focus on performance and reliability in high-volume environments.
By integrating with existing restaurant POS systems, the platform supports smoother service operations, increased revenue per guest, and improved customer retention. Klearly can be used as a standalone payments system and is compatible with existing hardware, allowing merchants to adopt the platform without replacing their equipment. For operators seeking deeper integration, Klearly also offers a payments layer that connects to current POS systems, enabling faster and more reliable transactions without requiring a new POS solution.
Sam Koekoek, CEO of Klearly, said the company’s goal is to develop a leading payments system for restaurants, bars, and clubs across Europe, adding that Klearly is not a generic payments provider and does not require merchants to replace their existing POS systems.
Instead, we provide a payment layer purpose-built for hospitality that supports leading operators and leading POS providers.
Klearly has achieved significant adoption in the Netherlands, with thousands of merchants processing payments through its platform, and is now expanding its presence in Italy and Belgium in collaboration with restaurant groups and point-of-sale partners.
The new funding will support this growth by strengthening local go-to-market capabilities in Italy, broadening the company’s partner network, and continuing investment in product development, POS partnerships, and team expansion across commercial, operations, partnerships, and engineering.
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