Credit Clear (ASX:CCR) - MD, David Hentschke
MD, David Hentschke
Source: Credit Clear
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  • Credit Clear (CCR) is set to boost its revenue by between $1.6 million and $2 million with two new clients signed
  • Following the acquisition of fellow debt recovery business ARMA, the group has been contracted by an Australian utility operator making up one its ten largest clients
  • A new contract has also been secured with a global Fintech company which CCR says has potential to become one of its largest international clients
  • Roll-out of Credit Clear’s technology across ARMA’s existing client base is underway and reportedly progressing well
  • Shares have been trading 1.3 per cent lower at 37 cents at 1:30 pm AEDT

Receivables management solution provider Credit Clear (CCR) has signed two new clients which are set to boost revenue by between $1.6 million and $2 million.

An Australian utility operator has engaged ARMA Group, a fellow debt recovery business acquired by Credit Clear at the end of December.

With a new contract also secured with a global fintech company, Credit Clear CEO David Hentschke said the company could not have hoped for a better start to its partnership with ARMA.

According to Credit Clear, the utility operator is a significant win for the group and represents one of its ten largest clients.

Under the contract with the fintech, the company will help drive a hybrid collections strategy, improve collections and enhance the overall customer experience and financial wellbeing of the customer base. The client is said to have considerable scale and the potential to become one of Credit Clear’s largest international clients.

Over the next 12 months, the new contracts are anticipated to add between $1.6 million and $2 million to CCR’s revenue.

Roll-out of Credit Clear’s technology across ARMA’s existing client base is underway and reportedly progressing well.

Shares were trading 1.3 per cent lower at 37 cents at 1:30 pm AEDT.

CCR by the numbers
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