Fintech start-up Credit Clear closes an oversubscribed $8.5 million Series A raise, IPO planned within the next 12 months

Fintech payments company Credit Clear has just closed its Series A oversubscribed funding round with a group of strategic partners and investment of $8.5 million. The raise was led by Bell Potter, one of Australia’s largest full-service stockbrokers. The raise was focused on dramatically accelerating Credit Clears’ technology and product functionality to scale its impact and to expand its disruptive payment technology in to the United States. Over the past 12 months, Credit Clear’s cutting edge technology has sent over 1.6 million communications to process more than $140M in debt. The technology has transformed the receivable processes, delivering a more relevant payment option to meet the growing need for flexible, mobile and simple payment processes. Credit Clear has communicated to more than 190,000 users with enterprise clients including; major financial institutions, telecommunication, utilities, government, and property agent to validate the performance of the company’s technology.

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