CREDIT CLEAR ORD
Credit Clear to acquire ARMA Group Holdings in $46m deal
Technology company Credit Clear (ASX: CCR) has confirmed it will spend $46 million on the purchase of established Australasian debt collection service company ARMA Group Holdings. The acquisition will accelerate Credit Clear’s growth by leveraging its scalable digital billing and communications technology platform across ARMA’s portfolio of more than 400 active clients. It will also […]
Credit Clear makes ‘exceptional progress’ in 2022 following transformational ARMA acquisition
It’s been a record-breaking year for account receivables technology company Credit Clear (ASX: CCR), with chairman Hugh Robertson saying “exceptional progress” had been made particularly since the “transformational acquisition” of ARMA Group in February. At the annual general meeting this week, Mr Robertson said 2022 had brought with it a new chief executive officer in […]
Credit Clear gains new chairman, completes final capital raising stage of ARMA acquisition
Digital receivables management company Credit Clear (ASX: CCR) has appointed a new chairman after completing the final stage of a $29.5 million capital raising to fund its previously announced acquisition of Australasian debt collection entity ARMA Group Holdings. Hugh Robertson has joined Credit Clear’s board a non-executive chairman to support the company as it continues […]
Credit Clear achieves cash flow positive status in first quarter of new financial year
The first quarter of the new financial year has seen Australian receivables management solution provider Credit Clear (ASX: CCR) achieve cash flow positive status, generating $531,000 from its operating activities. Underpinning the cash flow positive period, was record revenue of $8.9 million. The figure represents a 162% jump on the previous corresponding period. The quarterly […]