What is Clearent?
Clearent operates as a comprehensive provider of payment solutions, having significantly amplified its market presence through a strategic merger with the software firm Transaction Services Group. The combined entity, now known as Xplor Technologies, serves a vast network of over 800 partners and 66,000 businesses, processing in excess of $32 billion annually. Xplor Technologies stands as a pioneering global enterprise that unifies smart software, fluid payment processing, and commerce acceleration technologies, aiming to empower its clientele for accelerated growth.
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 three sectors: 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 Clearent's maturity and its focus on scaling operations and technological integration. This capital infusion is likely earmarked for enhancing its integrated platform, expanding market reach, and potentially pursuing further strategic acquisitions or partnerships to solidify its position as a leader in the global payments and commerce technology landscape.
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