Credit Clear Limited Announces Record Growth

Credit Clear Limited (AU:CCR) has released an update.

Credit Clear Limited reports a record revenue of $42.0 million, marking a 20% increase, and a significant improvement in EBITDA, up $4 million from the previous year, with projections of higher earnings in FY25. The company highlighted the success of its digital collections platform, with a 63% revenue growth driven by AI technology, and the expansion of its tier-1 client base from 12 to 20. Credit Clear also maintains a strong cash position, which positions it well for potential international market expansion and funding future growth opportunities.

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