Clevercards to close €10m investment round
Irish fintech company, CleverCards, is closing out a €10m capital raise, which should be completed in the next month.
Once complete, the firm will begin planning for a follow-on, hoped to be in the region of €50m, to be completed in the next year.
Investors in the current round include the head of Facebook in Ireland, Gareth Lambe, the founder of Avoca Capital, Dónal Daly and Green REIT co-founder Pat Gunne.
CleverCards, founded in 2019 by Kealan Lennon, is currently pursuing an aggressive buy and build strategy for the business.
As part of this, the company has just acquired the business of ExpendiaSmart, a spending management software provider offering smart corporate cards that is a subsidiary of French payments platform Edenred.
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