Cardlay to raise $6 million from existing investors.

Cardlay, an Odense, Denmark-based payment solution provider, completed a capital raise round closed at $6 million.

The money was raised from existing investors, including Gundersen Family Office and Global PayTech Ventures.

The proceeds of the investment will be used will to finalize an integrated solution for commercial payment, integrate another large international bank into the portfolio as well as deliver a large order to a German customer.

At the same time the company announced hiring a new CTO - Morten Gade Christensen, with previous experience at Bankdata and Energinet.

Cardlay, founded in 2016 by CEO Jørgen Christian Juul, provides corporate cards and white-label solutions for banks and card issuers. Solutions include issuing, loading, and managing corporate cards as well as providing card management solutions for the bank’s corporate customers and their employees.

Cardlay previously raised more than $30 million, with a last round closed in 2021 and another announced in 2019 and backed by SEB Ventures and SEED Capital.