Klearly, a fintech company that offers payment solutions for restaurants, bars, and clubs, has raised $14 million in Series A funding. The round was led by PayPal Ventures, the investment arm of PayPal with support from other investors.
The round also saw participation from the Italian Founders Fund and existing investors like Global PayTech Ventures, Antler Elevate, and Shapers With this round, Klearly’s total funding has now reached $24 million.
Klearly was founded in 2023 by Sam Koekoek, who moved to Israel from Amsterdam, along with Edan Dil and two other co-founders from the Netherlands.
After moving to Israel, Sam Koekoek worked at fintech company UNIPaaS, where he met Maya Carmeli and Maor Ben-Asulin. They later joined Klearly and now make up the company’s senior management team in Israel.
Klearly offers a payments system that connects directly with the POS (billing) systems that restaurants already use. It also works on the same hardware, so businesses do not need to buy new machines.
Klearly avoids using its own special devices or forcing restaurants to replace their POS systems. This makes it easy and low-cost for restaurants to switch to Klearly.
By fitting smoothly into daily restaurant operations, Klearly becomes a key part of their workflow, while still working in the background as a supportive payment layer.
“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.”
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