Tangerpay Merged with British Firm CleanCloud
Financial technology company Tangerpay has reached a $70 million valuation following its merger with CleanCloud.
Updated on Sept. 20, 2026 in Financial Services
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Tangerpay, a leading payments provider for self-service laundromats, has merged with the British software company CleanCloud. The firm recently reached a $70 million valuation as it continues to expand its cashless payment services.
Why it matters
The merger combines Tangerpay's specialized payment infrastructure with CleanCloud's software capabilities to strengthen their position in the laundromat market. This partnership aims to leverage the growth of digital payments across various self-service sectors.
Tangerpay has achieved a $70 million valuation and maintains a 40 percent annual revenue growth rate. The firm is six years old and currently serves as the leading payments provider for the global laundromat sector.
The players
Tangerpay
Tangerpay is a six-year-old financial technology company that provides cashless payment systems for the laundromat industry.
CleanCloud
CleanCloud is a British software company that has now merged with the payments provider Tangerpay.
The details
Tangerpay specializes in tap-and-pay solutions for machines located in settings like mining camps, student housing, motels, and backpackers. By integrating with CleanCloud, the company plans to continue digitizing payment processes in the self-service laundry industry.
Timeline
The valuation and merger news was reported on September 20, 2026.
Market Landscape
This merger accelerates the consolidation of the laundry technology sector, positioning the new entity to dominate the niche market for digital, self-service transactions. It represents a broader shift toward integrating software solutions with legacy hardware to capture global market share.
Customers using laundromats equipped with Tangerpay should expect continued stability in their tap-and-pay user experience as the two companies integrate their systems. The merger is unlikely to cause immediate price changes for end-users, but may lead to a wider deployment of contactless payment options.
The takeaway
Businesses looking to digitize their payment operations can leverage these new integrated software tools to streamline customer transactions. Companies in this space should prioritize high-growth, niche markets where traditional cash-based systems remain prevalent.
Further reading
Learn more about the latest industry trends in Financial Services.
Source note: This article includes information reported by Australian Financial Review.
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