What is Clearent?
Clearent operates as a comprehensive provider of payment solutions, having significantly amplified its market presence through a strategic merger with Transaction Services Group. This integration led to the formation of Xplor Technologies, a unified entity now serving over 800 partners and 66,000 businesses, facilitating the processing of more than $32 billion in transactions. Xplor Technologies stands as the first global company to seamlessly integrate smart software, payment processing, and commerce acceleration technologies, aiming to empower its clientele with enhanced growth and efficiency.
How much funding has Clearent raised?
Clearent has raised a total of $25M across 1 funding round:
Private Equity
$25M
Private Equity (2015): $25M with participation from FTV capital
Key Investors in Clearent
FTV capital
FTV Capital is a growth equity investment firm that has raised billions to invest in high-growth companies offering a range of innovative solutions in enterprise technology and services, financial services, and payments and transaction processing.
What's next for Clearent?
The substantial enterprise-level funding and strategic investment indicate a phase of aggressive scaling and market expansion for Clearent, now operating under the Xplor Technologies umbrella. Future initiatives are likely to focus on further technological integration, broadening service offerings, and solidifying its global footprint. This capital infusion is expected to fuel innovation in payment processing and commerce solutions, positioning Xplor Technologies for sustained leadership in the evolving digital economy.
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