Credit Clear deploys first international platform for Techhub in South Africa
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The deployment occurred in five months and the highly-automated service offering demonstrates Credit Clear’s ability to rapidly scale the digital business into new global markets.
Under the agreement, Techub is leveraging Credit Clear’s (ASX:CCR) technology platform to digitise its offering beginning with the migration of its existing multi-billion-dollar client portfolio for which CCR receives ongoing commissions.
CCR has a separate agreement that covers the onboarding of new direct Techub clients that utilise the digital platform under which revenues are split equally.
Since the deployment, Techhub has been moving swiftly to fast track the platform’s rollout to its US$1bn debt portfolio, dispensing with the planned three-month $100m pilot.
Credit Clear CEO Andrew Smith said in addition to growth in Australia, the company is now able to efficiently scale internationally with its highly automated technical capabilities, matched with a commission fee revenue model.
Techub has since unveiled iSON Xperiences, Africa’s largest BPO service provider and has taken a strategic shareholding in its holding company CSS Group.
The iSON investment opens significant new markets across 18 countries including multiple African nations, India, and the United Arab Emirates.
“News from Techub about iSON Xperience’s strategic investment in its holding company, provides our Techub / CCR partnership with direct and immediate entry into new markets and sectors,” Smith said.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.