CleverCards’ mission is to make it possible for anyone, anywhere, anytime, to be paid instantly by enabling Businesses, Governments and Public sector organisations to simply send a digital prepaid Mastercard to an email address or mobile phone number by SMS or WhatsApp, which empowers the recipients to spend online, or use their mobile in-store contactless using Google Pay, Samsung Pay or Apple Pay immediately. With this clear mission, our vision is to become the ubiquitous, global payments platform.
CleverCards is a fast-paced early-stage payments technology company, led by a highly motivated, dedicated, high-energy, hard-working team, with a big ambition to win.
In February this year, we announced that Mastercard and CleverCards signed a 5-year strategic partnership, to expand the usage of digital cards across Europe. That FinTech partnership allowed us directly integrate with Mastercard and provided us with unprecedented and unique access to Mastercard business development teams in key markets and to key Mastercard commercial clients.
CleverCards has just entered into a definitive agreement to acquire ExpendiaSmart®, a market leader in Europe for Spend Management Solutions and Smart Corporate Cards, along with a Licensed, Electronic Money Institution, subject to regulatory approval. The current use cases for a CleverCard are: gift, incentive and rewards, insurance claims, airline payouts, spend management, vendor payments, government disbursements, mobile minutes, gig economy payouts and medical trials. We are in the process of closing a €10m capital raise with blue chip investors and plan to follow on with a capital raise of €50m within 12 months.