What Klarpay AG does

Bivial AG, operating under the Klarpay AG firmographic identity but conducting business as Bivial, is a Swiss-licensed digital banking and payment infrastructure provider founded in 2020 and headquartered in Zug, Switzerland (company ID CHE-402.707.584). The company operates as a FINMA-authorized deposit-taking institution under Article 1b of the Swiss Federal Banking Act and holds Level 1 PCI DSS certification, enabling it to hold client funds and process card payments under Swiss regulatory oversight. It delivers a unified platform spanning nine core products: dedicated Swiss IBAN business accounts, share capital accounts for Swiss company formations, entrepreneur personal accounts, virtual and physical debit cards, merchant payment accounts, client funds accounts for regulated businesses, virtual IBANs for reconciliation, and personalised IBANs. The platform supports electronic transactions in 19 currencies (CHF, EUR, USD, GBP, AED, AUD, CAD, DKK, HKD, HUF, JPY, MXN, NOK, PLN, SEK, TRY, ZAR, CZK, SGD) and accepts inbound payments via bank transfers, cards, alternative payment methods and wallets.

The technology stack is a digital-first transactional banking and payment infrastructure platform, with no public API or SDK offering disclosed. The company segments its customers into startups (revenue under 2M CHF) using a self-serve onboarding flow via dashboard.bivial.com, and established corporates/non-profits (revenue greater than 2M CHF) served through direct enterprise engagement. Revenue is generated through transaction fees on inbound payments, outbound payments, card processing, and currency exchange. Pricing is not publicly disclosed; enterprise contracts are quote-based. Bivial maintains a representative office in Zürich alongside its Zug headquarters and operates globally with a published list of forbidden/restricted countries for compliance purposes. No funding rounds, parent company, or institutional investors have been disclosed; the company is privately held and independently governed.

Name

Klarpay AG

Legal name

Bivial AG

Website

https://klarpay.ch

Company type

Private

Founded year

2020

Operating status

Operating

Short description

Bivial AG, a Swiss FINMA-licensed (Article 1b) deposit-taking institution founded in 2020 in Zug, provides multi-currency Swiss IBAN accounts, virtual/physical cards, and payment processing infrastructure for 600+ online businesses, startups, and established corporates across 19 currencies.

Ownership category

akta.pro rank

Product category

Digital Banking & Cross-Border Payments

NAICS

Commercial Banking (522110), Credit Card Issuing (522210)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

akta.pro secondary industries

Merchant Cross-Border Collections (Pay-ins) & Local Payment Methods (FSAGAKAD), A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF)

Keywords

• Multi-currency business accounts
• Swiss IBAN banking
• Cross-border payments
• Virtual IBAN accounts
• Merchant payment services

Headquarters

HQ city

Zug

HQ country

Switzerland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Transaction and Banking Services: Revenue generated from transactional banking services including inbound payments, outbound payments, card processing, and currency exchange. The platform enables cross-border transactions and digital disbursement solutions for online businesses.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Klarpay AG (legal name Bivial AG) provides multi-currency Swiss IBAN accounts and global payment services for online businesses, including dedicated Swiss business accounts, share capital accounts for Swiss company formations, entrepreneur accounts, virtual and physical cards, merchant payment accounts, and client funds accounts. The platform supports cross-border transactions in 19 currencies through bank transfers, card acceptance, direct debit collections, virtual IBANs, personalised IBANs, and alternative payment methods.

Product overview

Bivial AG operates a globally connected payment infrastructure offering a unified platform of nine core products: Business Accounts (Swiss IBANs for daily banking), Share Capital Accounts (for Swiss company formations), Entrepreneur Accounts (personal Swiss accounts), Virtual Cards and Physical Cards (for card issuing and payments), Merchant Payment Accounts, Client Funds Accounts (for regulated businesses), Virtual IBANs, and Personalised IBANs. The platform supports electronic transactions in over a dozen currencies (CHF, EUR, USD, GBP, AED, AUD, CAD, DKK, HKD, HUF, JPY, MXN, NOK, PLN, SEK, TRY, ZAR, CZK, SGD) and serves both startups (revenue under 2M CHF) and established corporates/non-profits (revenue over 2M CHF).

Differentiator

Problem solved

Functional benefit

Products and services

• Business Accounts Provides dedicated and personalised Swiss IBANs for daily banking operations for online businesses requiring multi-currency accounts.
• Share Capital Accounts Offers a fast way to deposit and evidence paid-in share capital for Swiss company formations, enabling faster digital account opening during company incorporation.
• Entrepreneur Accounts Provides a personal Swiss account for entrepreneurs and executives requiring reliable global remittance access. Available on limited basis for individuals with an existing relationship with corporate account holders.
• Virtual Cards Delivers unlimited flexibility through all-in-one virtual cards for digital transactions for businesses and entrepreneurs.
• Physical Cards Offers a Bivial debit card combining security features with spending freedom for businesses and individual account holders.
• Merchant Payment Accounts Provides payment accounts designed for higher acceptance rates and quick onboarding for merchants seeking to accept payments via bank transfers, cards, alternative payment methods, and wallets.
• Client Funds Accounts A solution for regulated businesses to manage client funds securely in segregated accounts.
• Virtual IBANs Reduces error rates and simplifies reconciliation for businesses through virtual international bank account numbers.
• Personalised IBANs Provides an exclusive personalised account number in Switzerland for businesses seeking custom banking identifiers.

Quantifiable outcome

• Supports over 19 currencies for cross-border transactions

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• WallestercoreTechnology or IntegrationWallester, a payment services company, is a key customer and partner of Bivial. They value the partnership for operational reliability and genuinely human approach. Wallester operates in the fintech/payment services sector and uses Bivial's banking infrastructure.
• VendocoreTechnology or IntegrationVendo, a brokerage services company, partners with Bivial for banking integration that combines strong governance with agility and business intelligence. Bivial demonstrates transparency, clarity and understanding of Vendo's operating environment.
• ExantecoreTechnology or IntegrationExante, a global brokerage/investment company, relies on Bivial for operational excellence and deep expertise. The partnership provides efficiency of a cutting-edge platform alongside dedicated human support for truly global business operations.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Revolut: Revolut is a global digital banking platform offering multi-currency accounts, IBANs, cards, and merchant payment services across 30+ countries. It competes broadly with Klarpay across the multi-currency IBAN and business banking stack but operates at substantially greater scale with a wider product portfolio.
• Stripe Treasury: Stripe Treasury is a banking-as-a-service platform enabling platforms to embed financial accounts, payments, and card issuing. It competes for the same online-business customer base and offers API-driven infrastructure that parallels Klarpay's digital-first platform model.
• N26: N26 is a pan-European licensed digital bank offering multi-currency accounts, business banking, and cards to consumers and SMBs. It overlaps with Klarpay's digital banking and multi-currency account offering, though N26 operates at substantially greater consumer scale across the EEA.

Direct peers

• Brex: Brex provides business banking, corporate cards, and treasury/account services for startups and enterprises. It competes with Klarpay in the business banking + card issuing stack, particularly for online businesses seeking integrated accounts and card products.
• Pleo: Pleo offers business accounts, company cards, and expense management for SMBs and startups across Europe. It overlaps with Klarpay's business accounts and card-issuing products and targets the same startup and SMB customer base with comparable self-serve onboarding.
• Airwallex: Airwallex provides multi-currency business accounts, global payments, and card issuing for online businesses and SMEs. It directly overlaps with Klarpay's multi-currency IBAN and cross-border payment offering, targeting the same online-business customer segment with comparable API-driven infrastructure.
• Wise: Wise (formerly TransferWise) provides multi-currency accounts and cross-border payment services for individuals and businesses. It is the most direct competitor to Klarpay in the multi-currency IBAN and international payments space, with overlapping target customers in the online business segment.
• Bunq: Bunq is a European licensed digital bank offering multi-currency accounts, business banking, and card issuing across the EEA. Its regulated European banking license and SMB-focused business banking offering directly parallel Klarpay's Swiss-licensed, business-account-led model.
• Lunar: Lunar is a Nordic licensed digital bank offering business accounts, multi-currency wallets, and card issuing for SMBs and freelancers. It is a smaller regional competitor with a comparable regulated-banking-license-plus-multi-currency-account model, though focused on the Nordic market.
• Mercury: Mercury provides business banking accounts, multi-currency support, and card issuing for startups and digital businesses. Its product set — accounts, virtual cards, and treasury features — closely mirrors Klarpay's nine-product suite, with similar target customers in the online business segment.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Klarpay AG