A few months ago, Payabl (formerly PowerCash21), a Cyprus-based payment processor founded by former Wirecard executives Ruediger Trautmann, Dietmar Knoechelmann, and Ayelet Fruchtlander Knoechelmann, led a CHF 3 million investment into the Swiss FINMA-regulated Klarpay AG.
According to Similarweb statistics, Turkey has emerged as Klarpay’s most important market. While Klarpay is registered in Switzerland, key personnel are based in Cyprus, indicating that much of its operations may be coordinated from Cyprus.
Furthermore, Klarpay appears to be a spin-off of BDSwiss, with many of its senior executives having previously worked for the CySEC-regulated broker.
Key Data
- Trading Name: Klarpay
- Business Activity: Payment processor, merchant service provider
- Domain: https://klarpay.com
- Legal Entity: Klarpay AG
- Social Media: LinkedIn, Twitter, Medium
- Jurisdiction: Switzerland
- Regulator: FINMA (Swiss Financial Market Supervisory Authority)
- Key Individuals:
- Mihkel Vitsur – Chairman (LinkedIn)
- Beatrice Kern – Vice Chairwoman (LinkedIn)
- Alena Nicolai – Board Member (LinkedIn)
- Marianna Markidou – Head of Back Office (LinkedIn)
- Persia Papafylaktou – Marketing Manager (LinkedIn)
- Martynas Bieliauskas – CEO (LinkedIn)
- Jeff-Richard Angehrn – CFO (LinkedIn)
- Marc Evans – COO (LinkedIn)
- Christos Alatzidis – CTO (LinkedIn)
- Ugne Buraciene – Advisor (LinkedIn)
- Investor: Payabl.cy Limited (formerly PowerCash21 Limited, Cyprus)
- PayRate42 Profile: Follow Klarpay on PayRate42
Klarpay’s Strong Ties to BDSwiss
Several of Klarpay’s top executives were previously part of BDSwiss, an investment firm linked to Jan Eric Malkus:
- Mihkel Vitsur – Co-founder & former BDSwiss Chairman, now Klarpay Chairman
- Martynas Bieliauskas – Former BDSwiss director & co-founder, now Klarpay CEO
- Christos Alatzidis – Former BDSwiss CIO & CTO, now Klarpay CTO
- Marc Evans – Former BDSwiss CFO, joined Klarpay in Feb 2022 as COO
- Marianna Markidou – Former BDSwiss manager, joined Klarpay in Jan 2022 as Head of Back Office
- Persia Papafylaktou – Former BDSwiss Marketing Coordinator, joined Klarpay in March 2022
Given these connections, it’s reasonable to assume that Klarpay, like Payabl, maintains strong operational control via its Cyprus offices.
Share Your Information
We are actively investigating Klarpay, Payabl, and their key personnel. If you have any relevant information, please share it through our whistleblower platform, Whistle42.