Klarpay AG, a pioneering Swiss financial institution, announced that it has achieved profitability in its first operational year.
IN BRIEF:
- Klarpay experienced steady growth throughout the year, derived from strong demand for its services, closing the year with more than 120 corporate clients.
- It reached monthly profitability only six months from launch in August 2022 and sustained this until the end of the year to close with an overall substantial annual profit.
-It’s focus for 2023 will be on continuing its organic operating model as well as maintaining the efficiency of its products and overall service, which has proven to be a key driver of its success.
What does this mean?
“We are thrilled to have reached this important milestone,” says Martynas Bieliauskas, CEO and Co-founder of Klarpay. “Our focus on a sustainable business model sets us apart from many of our peers in the fintech industry who struggle to achieve profitability, especially so early in a company’s lifecycle. We are excited to continue building on this success in the coming year.”
