Credit Clear shoulders into New Zealand market with client Prospa Group

Credit Clear ASX CCR New Zealand Prospa Group PGL
Credit Clear chief executive officer David Hentschke says the company’s accounts receivable platform supports its clients’ expansion goals into new markets.

Credit Clear (ASX: CCR) has shouldered further into the New Zealand market after enhanced deployment of its accounts receivable and customer relationships platform for long-term customer Prospa Group (ASX: PGL).

The company said the enhanced deployment of its technology will support Prospa’s growth in the country.

Prospa is an online lender to small business in Australia and New Zealand as well as providing broader and diversified financial technology solutions.

Credit Clear chief executive officer David Hentschke said the company was “delighted” to be providing further support for Prospa with that now including the New Zealand market.

“Our mission has always been to improve the collection experience for both our clients and their end customers.”

“Credit Clear’s platform supports our clients’ expansion goals into new markets and also presents the opportunity for our business to continue to scale globally,” he added.

The deployment of Credit Clear’s platform in New Zealand was undertaken remotely.

Credit Clear noted this demonstrates its scalability by rolling-out the platform in new regulatory jurisdictions and managing multiple currencies.

Global expansion strategy

Today’s news follows a global partnering and teaming agreement last month with financial company Centricity Techub (Techub).

The contract allows Credit Clear to roll-out its platform across select clients within Techub’s multi-billion-dollar portfolio.

Based in South Africa, Techub is part of the GB Group of companies and provides financial recovery, technology solutions and business process outsourcing to the global financial services sector.

Techub’s clients include banks, retailers, utilities, and telecommunications companies across the world but with a strong representation in the United Kingdom, United States and South Africa.

Credit Clear’s digital platform is initially being deployed across several of Techub’s account receivable portfolios that are valued between $50-100 million on a rolling three month-basis.

After the three-month period, Credit Clear will be allowed to roll-out its technology across other Techub account receivables with a total pool of $1 billion.

Techub is giving a commission on all payments, and the parties will also pursue joint business opportunities in international markets.

Mr Hentschke pointed out the partnership with Techub was part of the company’s global expansion strategy.

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