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Fintechs profit from tough economic times

Fintechs profit from tough economic times

Digital disruption has been accelerating in the financial services sector, leading to strong growth for some young players.

Simon EvansSenior reporter

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The boss of collections company Credit Clear – which features in the Fast 100 companies list this year – expects activity levels to pick up as swiftly as tougher times hit the economy. Chief executive Andrew Smith says the signs are all there for the “tailwinds” to become stronger for the ASX-listed company.

Credit Clear has around 2740 shareholders and among the top 20 are Alex Waislitz’s Thorney, former Toll Holdings boss Paul Little, Casey Capital and JM Financial.

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Simon Evans
Simon EvansSenior reporterSimon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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Original URL: https://www.afr.com/work-and-careers/management/fintechs-profit-from-tough-economic-times-20221102-p5bv3u