Credit Clear raised ~AU$7.5 million via Placement

Credit Clear Limited (ASX: CCR) announced that it has raised ~AU$7.5 million from new and existing institutional shareholders via a Placement at an offer price of AU$0.43 per share.

Funds will be used to streamline Credit Clear’s client onboarding capabilities, creating efficiencies in the deployment of the platform to new clients as well as accelerate revenue generation. It would also be used in improving the level of automation and client customisation, and progress numerous international expansion opportunities.

Also Read: Credit Clear announced new business won in May 2022

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