Clear2Pay Secures $74 million Led By Aquiline

Pretty big capital raise today. Clear2Pay, an electronic payments company, has secured $74 million (€50 million) to fund its next stage of growth and potential strategic acquisitions. The investment was led by the New-York based Aquiline Capital Partners and previous investors.

Clear2Pay, which is profitable, specialises in secure electronic payments and disrupts the existing legacy payment silos in banks.

This investment is taking place in the context of the sale of all shares held by Belgium VC Gimv to Aquiline. The sale has a positive impact of €2.2 million (EUR 0.10 per share) on Gimv’s last published equity value at 30 September 2009.