Clearitt is redefining how small and medium-sized businesses (SMBs) manage their finances, disrupting several major industries and giving SMBs the tools to thrive in the digital age.
Payments technology
By introducing widespread clearing, Clearitt drastically reduces the volume of payments and transactions required. This shift challenges the traditional payments technology sector, including the credit card and buy-now-pay-later industries-markets collectively worth trillions of dollars. As clearing becomes more common, these sectors will need to adapt to a new reality where fewer transactions flow through their systems.
Invoice financing
Clearing also means businesses no longer need to rely on invoice financing or factoring companies to access working capital. This legacy industry, also valued in the trillions, becomes less relevant as businesses settle invoices through clearing rather than selling them at a discount or incurring additional fees.
Business loans
With the ability to clear invoices and optimise cash flow, the demand for short-term working capital loans diminishes. Today, this is a massive industry, but the widespread adoption of clearing could fundamentally change how businesses approach financing, reducing their dependence on costly loans.
Business banking
As gross cash payments are replaced by clearing, banks will see their traditional role in business payments shift. Instead of being central to every transaction, banks may find themselves in more of a supporting role as businesses settle payables and receivables directly through clearing platforms.
Many of the existing financial solutions are costly and often out of reach for SMBs. Clearitt levels the playing field by making clearing accessible and affordable, empowering businesses to manage cash flow efficiently, reduce costs, and focus on growth.
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