The company says that it has opened 350,000 accounts and that over 5,000 Irish businesses have sent its CleverCards digital Mastercards to their employees and customers. Earlier this year, company founder and CEO, Kealon Lennon, said that CleverCards had seen a 5,000pc increase in revenue in the latter part of 2022. It works on smartphones, where a valid virtual card is either emailed or scanned via a QR code and then added to the phone’s virtual wallet. The service lets any company set up a virtual Mastercard with pre-set limits, controllable centrally from a company’s financial manager. For workers travelling abroad who lose a card, a replacement can take a week whereas a virtual digital card can be blocked immediately, with a new one issued on the spot.
