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Clear2Pay completes B-round funding with additional
investment from Intel.
Brussels, 20 October 2003 – Brussels based payments software
vendor Clear2Pay announced today that it has completed its B-round
funding with an additional investment from Intel Capital. The investors
in the B-round included Big Bang Ventures, Koceram, Omega Pharma
and the management. This additional extension brings the total raised
capital to 8,4 million euro.
“The board of directors of Clear2pay had the option to extend
the B-round. The extension provides the company with additional
financial means. The funds will be used to enable Clear2pay to further
develop its portfolio of products for the e-payments market segment
and accelerate its growth strategy. We expect financial institutions
to increase spending on payment technology and systems in order
to bring more convenience to customers and bring down costs.”
says Michel Akkermans, Chairman and CEO of Clear2Pay.
Stephane Goubau, Intel’s Director of Strategic Investments
in the Western European Region, states, "This investment is
part of Intel's commitment to invest in ecosystem solutions that
help remove the barriers for efficient e-business."
“An international expansion of our shareholding structure
will enable Clear2Pay to execute its expansion plans. A recent example
of this strategy is the acquisition of MaXware Benelux in the Netherlands,
now Clear2Pay Nederland” says Jürgen Ingels, co-founder
and CFO of Clear2Pay.
***
About Clear2Pay
Clear2Pay is an innovative e-finance company focused on delivering
globally applicable solutions for secure, timely electronic payments.
Headquartered in Brussels, Belgium, the company's focus is to facilitate
banks and financial organizations in their provision of electronic
payments services. Clear2Pay's technology helps to reduce transactions
processing costs, and to deliver new, compelling e-payment services
in a competitive way. Clear2Pay's payment solutions offer organizations
easy, branded ways for their customers to pay online: from complex
trade-supporting business-to-business environments, through e-commerce
applications, to retail payments and micropayments. Functions embrace
payments origination, reporting, linkage with back-office processing
systems, clearing, netting and settlement. In September 2002, the
company announced a multi-million euro contract with Visa EU for
the development of its new cross-border money transfer service,
Visa Direct.
More information is available on www.clear2pay.com.
About Intel
Intel is the largest producer of microprocessors in the world; it
is also a leader manufacturing components for computers, networks
and telecommunications.
You can obtain more information about Intel at www.intel.com/pressroom.
About Intel Capital
Intel Capital, Intel's strategic investment program, focuses on
making equity investments and acquisitions to grow the Internet
economy in support of Intel's strategic interests. Intel Capital
invests in hardware, software and services companies in several
market segments, including computing, networking, and wireless communications.
Intel Capital invested approximately 200 million dollars worldwide
last year, and is considered one of the most active investors in
the technology sector. In order to obtain more information about
Intel Capital, please visit www.intel.com/capital.
Contacts for more information about Clear2Pay
Kimball Felix
Marketing and Communications
Clear2Pay
Zikkelstraat 64 Rue de la Faucille
1970 Brussels (Wezembeek Oppem)
Belgium
E:
T: +32 2 759 94 96
Contacts for more information about Intel
Capital
Stephan Goubau
Director Strategic Investments West-European Region
Intel
Veldkant 31
1550 Kontich
Belgium
T: +32 3 450 08 11
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