As the Founder of Clearitt, I wanted to take a moment to share the background story behind the business.
Clearitt was born from a lifelong fascination with finance and economics. In the 1990s, I watched as Sweden’s central bank pushed interest rates to an extraordinary 500 percent. The fallout was immediate-businesses struggled, and the wider economy suffered. This experience sparked a drive in me to understand the root causes behind such turmoil.
With this motivation, I pursued a PhD in economics and spent years delving into the original writings of leading economists from the past three centuries. My research led me to a crucial discovery: about a century ago, regulatory changes worldwide abruptly ended the classical approach to financing business working capital. Previously, businesses relied on discounting bills of exchange and trading invoices-a system that supported healthy cash flow. The sudden shift away from this method left businesses with less effective options, a situation that persists today.
Introducing the Clearitt approach
Realising how the financial system might have evolved differently without those regulatory changes inspired the concept behind Clearitt. Our mission is to take business financing forward by enabling the widespread clearing of B2B invoices. This approach aims to restore working capital finance to its rightful place, helping businesses grow without unnecessary cash flow barriers.
The first prototype of our platform was a solo effort, drawing on the mathematical programming skills I developed during my PhD studies. Today, Clearitt has evolved into a modern, scalable solution built on the same foundational principles.
Why launch now?
The timing is ideal. Advances in technology have made our vision achievable. The fintech sector is booming, and regulatory settings are more supportive than ever for startups. Australia, with its strong culture of backing everyday businesses, offers the perfect environment for Clearitt’s launch and growth.
Our vision for business
Clearitt is built on the values of inclusiveness, cooperation and mutual benefit. Our platform brings businesses together to tackle common cash flow challenges, creating an ecosystem where both businesses and individuals can achieve financial stability and prosperity.
Thank you for your interest in Clearitt. We look forward to supporting your business journey.