Credit Clear achieves record quarterly revenue and client wins

Australian fintech Credit Clear (ASX: CCR) has reported record revenue and client wins for the first quarter of the new financial year (Q1 FY2022).

The company signed up 58 new clients during Q1 FY2022 (including Victoria’s largest toll road operator), representing an increase of 152% on the previous quarter, and maintained a 99% client retention rate.

It posted record revenue of $3.4 million (up 22% on the previous corresponding period) and an all time high for its digital platform revenue of $1.3 million (up 77%).

In its latest quarterly report, the company said the adoption of its SaaS (Software-as-a-Service) digital receivables management solution over conventional accounts receivable methods continued its strong progress.

Digital revenue comprised 37% of total revenue for the quarter and traditional-to-digital revenue conversion rates were up 117% on the same time last year.

To read more, please click on the link below…
Source: Credit Clear achieves record quarterly revenue and client wins