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ClearSpend prepare for major US entrance

3 December 2021

ASX:

Jack Baker
Business network concept. Shaking hands.

Preparing to launch into the US market at speed, the freshly minted ClearSpend see its novel card-based technology filling a void by serving the forgotten financial needs of small businesses.  

The company believes the little guys of commerce and their often-long suffering accountants will be relieved by its focused efforts at bringing a reliable and straightforward solution to market, explicitly serving their needs.  

“This high-calibre team has built a product so purposefully designed for small businesses and accountants – we think they are going to love it,” board chairman Hugh Warner said.  

Headquartered in Charlotte, North Carolina, ClearSpend is building its team as it looks ahead to its initial public offering on the NASDAQ.  

The company’s work from home staff counts themselves as typical ClearSpend clients, needing to control expenses to fine detail and have tailored the platform to keep businesses kinetic.  

“It keeps the business moving by removing financial roadblocks that would otherwise impede a business’s ability to compete,” CEO Jeff White said.  

He considers the company a champion for small business and, having seen his father lose his income during the recession through no fault of his own, wanted to know what they needed.  

“We talked to countless businesses and accountants across the country and heard them loud and clear; build something easy to learn, implement and manage,” he said.  

“We did just that.”  

The platform’s first access has an expected release in the first quarter of 2022 and a growing waitlist at its website clearspend.com. 

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COMPANY OVERVIEW

ClearSpend is a free web and mobile app that lets Commercial Cards customers view their transactions and balances on the go and gives customers complete control of their account in real-time. 

 

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