Swiss-Cyprus Payabl Investment Klarpay Seems To Grow Fast In Turkey!

Charlene Lensburg
Fri, 30 Sep 2022 12:08:54 +0000
Fintech, Alena Nicolai, Ayelet Fruchtlander Knoechelmann, Beatrice Kern, Christos Alatzidis, Dietmar Knoechelmann, Jeff-Richard Angehrn, Klarpay, Marc Evans, Marianna Markidou, Martynas Bieliauskas, Mihkel Vitsur, Payabl, Persia Papafylaktou, Ruediger Trautmann, Ugne Buraciene, Wirecard

A few months ago, the Cyprus-based Payabl. (formerly PowerCash21) founded by former Wirecard managers Ruediger Trautmann, Dietmar Knoechelmann, and his wife Ayelet Fruchtlander Knoechelmann, led a CHF 3 million investment in the Swiss FINMA-regulated Klarpay AG. Key people of Klarpay are based in Cyprus, and Turkey is probably the most important market according to the latest Similarweb statistics. Klarpay appears as a BDSwiss spin-off, with most of its key executives having worked for the CySEC-regulated broker.

A few months ago, the Cyprus-based Payabl. (formerly PowerCash21) founded by former Wirecard managers Ruediger Trautmann, Dietmar Knoechelmann, and his wife Ayelet Fruchtlander Knoechelmann, led a CHF 3 million investment in the Swiss FINMA-regulated Klarpay AG. Key people of Klarpay are based in Cyprus, and Turkey is probably the most important market according to the latest Similarweb statistics. Klarpay appears as a BDSwiss spin-off, with most of its key executives came from 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

Related individuals

Mihkel Vitsur, Chairman (LinkedIn)
Beatrice Kern, Vice Chairwoman (LinkedIn)
Alena Nicolai, Board Member (LinkedIn)
Marianna Markidou (LinkedIn)
Persia Papafylaktou (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 (prev. PowerCash21 Limited), Cyprus
PayRate42 | follow the Klarpay profile on PayRate42

Short Narrative

Klarpay‘s Head of Back Office, Marianna Markidou, like most of the other executives, is a former BDSwiss manager and is based in Cyprus, according to LinkedIn. As is COO Marc Evans, the former CFO of BDSwiss, and Persia Papafylaktou, former Marketing Coordinator at BDSwiss. So it’s fair to assume that a significant portion of Klarpay‘s activities, like those of Payabl, are controlled via their Cyprus offices.

Klarpay AG comes across as a sort of spin-off of BDSwiss, the investment firm of Jan Eric Malkus. Some of its former executives and founders are key people in the bank:

Mihkel Vitsur, co-founder and former BDSwiss Chairman, co-founded Klarpay and is its Chairman;

Martynas Bieliauskas, former director and co-founder of BDSwiss Group, co-founded Klarpay and is its CEO;

Christos Alatzidis, the former BDSwiss CIO & CTO, co-founded Klarpay and is its CTO;

The former BDSwiss Chief Financial Officer Marc Evans joined Klarpay in Feb 2022 as Chief Financial Officer;

The Head of Back Office, Marianna Markidou, joined Klarpay in Jan 2022;

Persia Papafylaktou, former Marketing Manager at BDSwiss joined Klarpay in March 2022.

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