Klarpay, a FINMA-regulated fintech, recently announced key milestones for Q3 2022, following an investment from the Payabl Group. Payabl, founded by former Wirecard executives Ruediger Trautmann, Dietmar Knoechelmann, and Ayelet Fruchtlander-Knoechelmann, has positioned itself as a major player in the high-risk payment processing sector.
Among Klarpay’s latest achievements:
✅ Became a Principal Member of the VISA network
✅ Integrated Visa’s B2B Connect, enabling cross-currency outbound payments for business clients
✅ Introduced Apple Pay
Key Data
- Trading Name: Klarpay
- Business Activity: Payment processor, merchant service provider
- Domain: https://klarpay.com
- Social Media: LinkedIn, Twitter, Medium
- Jurisdiction: Switzerland
- Regulator: FINMA (Swiss Financial Market Supervisory Authority)
- Key Individuals:
- Investor: Payabl.cy Limited (formerly PowerCash21 Limited, Cyprus)
- PayRate42 Profile: Follow Klarpay on PayRate42
The Klarpay-BDSwiss Connection
📌 Klarpay AG appears to be a spin-off of BDSwiss, an investment firm linked to Jan Eric Malkus. Several ex-BDSwiss executives now hold key positions at Klarpay:
- Mihkel Vitsur – Co-founder, former BDSwiss Chairman, now Klarpay Chairman
- Martynas Bieliauskas – Former BDSwiss Group 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
The Wirecard-Payabl Evolution
📌 Before rebranding as Payabl, the company operated as PowerCash21. It was founded in 2010 by former Wirecard executives Ruediger Trautmann, Ayelet Fruchtlander-Knoechelmann, Frank Schoonbaert, and Israeli businessman Nissim Zarfati.
📌 PowerCash21 Limited (Cyprus) was a Central Bank of Cyprus-regulated payment institution. Over the past few years, the group rebranded into Payabl, consolidating its position in high-risk payment processing.
📌 In May 2022, Payabl led a CHF 3 million seed investment in Klarpay. As part of this engagement, Payabl’s Group CEO, Ugne Buraciene, was appointed as an advisor to Klarpay.
Share Your Information
If you have any details about Klarpay, Payabl, or their key figures, please share them through our whistleblower platform, Whistle42.