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The raise was led by Bell Potter, one of Australia’s largest full-service stockbrokers. The raise was focused on dramatically accelerating Credit Clears' technology and product functionality to scale its impact and to expand its disruptive payment technology in to the United States.
Through its standalone software, customers use the Openpay app or the instore portal to make a purchase with payment transferred to the merchant the next business day, direct debited from the customer’s account.