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The Rich Lister-backed company winning from growing household debts

Julie-anne Sprague

A fintech start-up backed by Rich Listers Alex Waislitz and Paul Little is pushing ahead with plans for a sharemarket listing as the coronavirus pandemic fuels demand for its debt recovery technology.

Co-founder of Credit Clear, Lewis Romano, said the pandemic had driven demand for its services as new or existing customers find alternatives to chasing unpaid bills after call centres in the Philippines closed, while there was also demand as more people fell into arrears.

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Julie-anne Sprague co-edits our Rich Lists and covers entrepreneurs, wealth creation and investments. A senior journalist in our newsroom, Julie-anne has covered politics, property, agribusiness, retail and stockmarkets in both the UK and Australia. Connect with Julie-anne on Twitter. Email Julie-anne at jsprague@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/the-rich-lister-backed-company-winning-from-growing-household-debts-20200518-p54u4l