Despite the challenging economic conditions in the fintech industry and global markets, Klarpay has established a solid foundation and implemented its business model to achieve results.
According to the company, Klarpay experienced steady growth throughout the year, derived from strong demand for its services, closing the year with more than 120 corporate clients. The company 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.
Speaking on the success, Martynas Bieliauskas, CEO and Co-founder of Klarpay said; “We are thrilled to have reached this important milestone.” Also, 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.”
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He added; Klarpay’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.
The company has an elegantly designed product built on proprietary software that fills a gap in the market and is committed to delivering innovative solutions that meet the evolving needs of its customers and partners. As evidenced by the recently announced expansion of its international payments offering with the launch of 13 new foreign currency accounts.
Klarpay’s product roadmap for 2023 and beyond aims to sustain demand and growth to help realise its projected targets, it noted.
