Credit Clear - About the company
Credit Clear is a public company based in Melbourne (Australia), founded in 2016 by Lewis Romano. It operates as an Invoice generation and payment solution. Credit Clear has raised $18.5M in funding from Regal Funds Management. The company has 27 active competitors, including 2 funded and 5 that have exited. Its top competitors include companies like Ordermentum, Ignition and Upflow.
Company Details
Credit Clear enables payments of invoices in multiple currencies while offering automatically translated reminder messages to customers based on their mobile phone's default language. Uses machine learning to decide the timing, message, and communication platform (SMS, email and Instant messenger) for sending tailored communication depending on the customers, age, gender, and location. Offers multiple payment options such as PayPal, WechatPay, credit/debit cards, ApplePay etc. Enables merchants to offer multiple payment plans to customers on invoices generated through the solution. Claims to use AI and Machine learning to analyze repayment behavior of debtors.
- Website
- creditclear.com.au
- Email ID
- *****@creditclear.com.au
Key Metrics
Founded Year
2016
Location
Melbourne, Australia
Stage
Public
Total Funding
$18.5M in 3 rounds
Latest Funding Round
Investors
Ranked
3rd among 27 active competitors
Employee Count
67 as on Sep 30, 2026
Investment & Acquisitions
Exit Details
Public
Credit Clear's IPO details
Credit Clear got listed on Oct 27, 2020.
Click here to take a look at Credit Clear's IPO in detail
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Credit Clear's funding and investors
Credit Clear has raised a total funding of $18.5M over 3 rounds. Its first funding round was on Nov 30, 2017. Credit Clear has 1 institutional investor and 1 angel investor.
Here is the list of recent funding rounds of Credit Clear:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 09, 2023 | 3678884 | Post IPO | 1149813 | 1613059 | 7710772 | 1609614 |
Jun 26, 2018 | 8453694 | Series A | 8589265 | 5308958 | 2523079 | 6012844 |
Nov 30, 2017 | 7111296 | Series A | 2039586 | 1216627 | 6553997 | 4091843 |
View details of Credit Clear's funding rounds and investors
Credit Clear's founders and board of directors
Founder? Claim ProfileThe founders of Credit Clear is Lewis Romano.
Here are the details of Credit Clear's key team members:
- Lewis Romano: Founder of Credit Clear. Contact Info: 1 email address
View details of Credit Clear's Founder profiles and Board Members
Credit Clear's employee count trend
Credit Clear has 67 employees as of Sep 26. Here is Credit Clear's employee count trend over the years:
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Credit Clear's Competitors and alternates
Top competitors of Credit Clear include Ordermentum, Ignition and Upflow. Here is the list of Top 10 competitors of Credit Clear, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Ordermentum 2014, Sydney (Australia), Public | Provider of order management software solutions for businesses | $58.9M | 64/100 | |
2nd | Provider of platform automating proposals, billing, payments, and client agreements | $75.4M | 58/100 | ||
3rd | Credit Clear 2016, Melbourne (Australia), Public | Invoice generation and payment solution | $18.5M | 55/100 | |
4th | Provider of accounts receivable management software for finance teams | $22.9M | 51/100 | ||
5th | Invoice2go 2002, Palo Alto (United States), Acquired | Provider of invoicing, payment, project management, and reporting software | $60M | 50/100 | |
6th | InvoiceBee 2016, Sydney (Australia), Unfunded | Online invoice management for SMBs | - | - | 42/100 |
7th | Invoice management software for businesses | - | 39/100 | ||
8th | Automated billing and invoice management for businesses | - | - | 37/100 | |
9th | Payment gateway solutions | - | - | 33/100 | |
10th | Cloud-based end-to-end business management tools for e-tailers | - | 32/100 |
Looking for more details on Credit Clear's competitors? Click here to see the top ones
Credit Clear's Investments and acquisitions
Credit Clear has acquired 2 companies including Arceuropeltd and Debt Recoveries. Credit Clear has not made any investments as of now.Reports related to Credit Clear
Here is the latest report on Credit Clear's sector:
News related to Credit Clear
Media has covered Credit Clear for a total of 6 events in the last 1 year, 3 of them have been about people movement.
•
Credit Clear Limited announces an Equity Buyback for 49,709,898 shares, representing 10% of its issued share capital.Stock Screener•Sep 07, 2026•Credit Clear
•
Credit Clear (ASX:CCR) Reports FY26 Revenue Growth as Digital Collections Platform ScalesKalkine•Aug 28, 2026•Credit Clear
•
Joshua Reid Appointed MD of Credit Clear and Interim CEO of ARMA Group; Andrew Smith Transitions to Non-Executive DirectorAustralian FinTech•Aug 19, 2026•ARMA, Credit Clear
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Credit Clear Appoints Joshua Reid as Executive Director to Drive Growth StrategyAustralian FinTech•Jun 22, 2026•Credit Clear
•
Credit Clear Appoints Avee Waislitz as Non-Executive DirectorAustralian FinTech•Mar 16, 2026•Credit Clear
•
Digital collections aid profitability improvements for Credit ClearAustralian FinTech•Feb 27, 2026•Credit Clear
•
Credit Clear to acquire UK-based debt collection agency ARC Europe for $10.8 millionAustralian FinTech•Oct 22, 2025•Arceuropeltd, Credit Clear, ARC Europe
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Credit Clear delivers record half year revenue in excess of $23 millionAustralian FinTech•Jan 31, 2025•Credit Clear
•
Debt resolution company Credit Clear delivers record October month of over $4.2 million in revenueAustralian FinTech•Nov 22, 2024•Credit Clear
•
ASX-listed debt resolution provider Credit Clear on track to meet or beat 2025 guidanceAustralian FinTech•Oct 21, 2024•Credit Clear
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