Credit Clear signs new significant clients

ASX-listed Credit Clear, the market leading digital technology platform for optimising receivables through improved customer interactions, announce that they’ve signed two significant clients.

A leading Australian utility operator has engaged ARMA, the company recently acquired by Credit Clear, with a key focus on ensuring customer wellbeing. The tier one utility provider is a significant win for the group and is now one of Credit Clear’s ten largest clients.

A leading Fintech with global operations has contracted Credit Clear to drive a hybrid collections strategy (i.e. using traditional and digital channels), improve collections and enhance the overall customer experience and financial wellbeing of their customer base. The client has considerable scale and the potential to become one of Credit Clear’s largest international clients.

Combined these two new clients will add between ~6% – 8% ($1.6m – $2m) to CCR’s revenue in the next 12 months.

Andrew Smith, CEO and Co-Founder of ARMA, said, “Adding two significant clients in the month after the acquisition is an encouraging sign that clients value our combined and enhanced capabilities. Both new clients display a genuine commitment to the well-being of their customers and their values are particularly well aligned with groups approach to enhancing the customer’s experience. In addition, the roll-out of Credit Clear’s technology across ARMA’s existing client base is underway and progressing well.”

David Hentschke, CEO of Credit Clear, added, “With ARMA and Credit Clear joining forces, we can provide leading global companies with an enhanced hybrid service (traditional plus digital collections strategies), underpinned by Credit Clear’s award-winning AI technology. The Fintech and Utility sectors are a key focus of ours and we could not have hoped for a better start to ARMA and CCR’s relationship.”