Klearly, a payments platform designed for restaurants, bars and clubs, has raised $14 million in Series A funding to accelerate its expansion across Europe, the company announced Tuesday.
The funding round was led by PayPal Ventures, with additional backing from the Italian Founders Fund and existing investors including Global PayTech Ventures, Antler Elevate and Shapers. The raise brings Klearly’s total funding to $24 million.
Founded in the Netherlands, Klearly has already gained traction with over 4,000 merchants processing payments through its platform. The company now plans to expand its presence in Italy and Belgium, where it aims to partner with leading restaurant groups and point-of-sale (POS) providers.
Despite the crowded payments market, Klearly says restaurants remain underserved by legacy systems not tailored to the realities of high-volume hospitality environments. Its platform addresses that gap with a purpose-built payment layer designed for speed, reliability, and seamless POS integration without requiring merchants to purchase new hardware or switch existing systems.
“Klearly has a simple mission: to build Europe’s best payments system for restaurants, bars and clubs,” said CEO Sam Koekoek. “This funding will allow us to accelerate our expansion across Europe, hire across engineering and operations, and continue strengthening our product depth.”
The company says its device-agnostic system can operate as a standalone solution or integrate with existing POS systems to boost operational efficiency, revenue per guest and customer retention.
PayPal Ventures partner Ashish Aggarwal said Klearly offers “a modern, integrated payment experience” for hospitality businesses, calling it “the next generation of hospitality commerce across Europe.”
Italian Founders Fund partner Lorenzo Franzi added that Klearly’s success in the Netherlands signals strong market demand: “With over 300,000 restaurants, Italy is one of Europe’s largest markets — a natural next step.”
Klearly plans to use the new capital to scale its go-to-market teams in Italy, deepen partnerships, invest in product development, and grow its commercial and engineering teams.