Mastercard expands partnership with CleverCards

Mastercard has expanded its partnership with CleverCards – the leading platform for mobile-enabled digital payments. The Dublin-based start-up which distributes digital prepaid Mastercards, has enjoyed accelerated growth during the Covid-19 pandemic and the strengthened partnership will enable more European businesses and consumers to accept digital payments.

CleverCards provides an innovative Platform as a Service (PaaS) that allows partners to instantly issue mobile-enabled payment cards in real-time for any use case – open and closed-loop gift cards, FX cards, payroll and expenses and more.

Founded by its CEO, Kealan Lennon, the fintech has invested US$10m in its technology, with funding led by Delta Partners and several angel technology investors from Ireland, the UK and US.

Since launching with Mastercard in December 2019, the enterprise has experienced dramatic growth, with over 5,000 businesses already using the platform.

Public and private sector organisations of all sizes use the solution-driven payments platform, making it possible for anyone, anywhere, anytime to be paid instantly, regardless of where they are and without the need for a bank account.

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Source: Mastercard expands partnership with CleverCards | Digital Payments | Fintech Magazine