Swiss Fintech, Klarpay AG, achieves a profit in its first year of operation
ZUG, Switzerland, 14 February 2023 /PRNewswire/ — Klarpay AG, a pioneering Swiss financial institution, is proud to announce that it has achieved profitability in its first year of operation. The company’s profitability and the interest from venture capitalists are a testament to the team’s hard work and dedication. Klarpay is well positioned to continue its growth and success in the future.
Despite the challenging economic conditions in the fintech industry and global markets, Klarpay has established a solid foundation and implemented its business model to achieve results. Klarpay experienced steady growth throughout the year, as a result of strong demand for its services, and ended the year with more than 120 business customers. The company reached monthly profitability just six months after launch August 2022 and maintained this until the end of the year to finish with an overall significant annual result.
“We are delighted to have reached this important milestone,” says Martynas BieliauskasCEO and co-founder of Klarpay. “Our focus on a sustainable business model sets us apart from many of our peers in the fintech industry who struggle to achieve profitability, especially so early in a company’s lifecycle. We are excited to continue to build on this success in the coming year. “
Klarpay’s focus for 2023 will be to continue its organic operating model as well as maintain the efficiency of its products and overall service, which has proven to be a key driver of its success. The company has an elegantly designed product built on proprietary software that fills a gap in the market and is committed to delivering innovative solutions that meet the evolving needs of its customers and partners. As evidenced by the recently announced expansion of its international payment offering with the launch of 13 new foreign currency accounts. Klarpay’s product roadmap for 2023 and beyond aims to maintain demand and growth to help realize the projected goals.
About Klarpay AG.
Klarpay AG is a leading fintech company that offers online businesses access to IBAN accounts in several currencies, global payment acceptance and digital payment solutions. As the first Swiss-licensed fintech company working exclusively with e-commerce, digital entrepreneurs and social media influencers, Klarpay seeks to empower digital businesses through limitless, scalable, tailored business accounts and payment solutions. Founded in 2019, Klarpay AG is a depository financial institution authorized and regulated by the Swiss Financial Market Supervisory Authority (FINMA) pursuant to the Swiss Federal Banking Act, Art. 1b.
Media contact:
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+ 41 41 552 0093
www.klarpay.com
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SOURCE Klarpay AG.
