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PayPal has spearheaded a €12 million funding round in Klearly, the Amsterdam-based payments platform focused on the hospitality sector. The round also attracted participation from Italian Founders Fund, Global PayTech Ventures, Antler Elevate, and Shapers, bringing Klearly’s total funding to €20 million as it prepares for expansion across new European markets.
Klearly offers a payments layer specifically designed for hospitality workflows, integrating seamlessly with leading POS systems. The platform enables restaurants, bars, and clubs to streamline transactions, enhance customer experience, and increase revenue per guest, while supporting repeat business through operational efficiency.
With strong adoption in the Netherlands—where over 4,000 merchants currently process payments through Klearly—the firm plans to use the new capital to accelerate growth in Italy and Belgium. The investment will support local go-to-market operations, deepen partnerships with restaurant groups and POS providers, and expand engineering and operational capabilities.
Sam Koekoek, CEO of Klearly, said:
“Klearly’s mission is straightforward: to build Europe’s best payments system for restaurants, bars, and clubs. We are not a generic payments provider, nor do we require merchants to switch POS systems. Instead, we deliver a payments layer purpose-built for hospitality, supporting both operators and leading POS providers. This funding will enable us to scale across Europe, strengthen our product, and expand our team across engineering and operations.”
This latest investment reinforces Klearly’s position as a leading RegTech-enabled payments solution for the hospitality sector, combining compliance technology, seamless integration, and a focus on operational efficiency to drive growth and adoption across Europe.
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