Credit Clear Conference Call

I watched the call and think these guys are on track and gave a great overview of progress

Some standouts for me

• Have 59 of the 69 councils in South Australia as clients
• Recently approved as a panel member for debt collection in the Municipal Association of Victoria (which is the 79 Councils in Victoria), the benefit of this is that there is no tender process so the Council just has to say yes and Credit Clear starts the onboarding process.
• The Sydney Water tender was mentioned and is progressing
• Attending the WALGA conference in September 2021 as an exhibitor and the Coffee cart sponsor (this is the association for 179 Councils in WA) At the moment they only have a handful of Councils in WA and they are hoping to change this.

https://walga.asn.au/News,-Events-and-Publications/Events/2021-Local-Government-Convention

• 2 top tier insurance companies are still in discussion but from body language Lewis seemed very confident it will happen
• A question at the very end was asked about Afterpay AI. Looks like that is happening as Lewis replied "we loved to tell you but we cant"
• The platform is diversifying and is maybe used for a lot more than just payments ie insurance claims, advertising effectiveness

The bit around the last 3 minutes was also interesting below is the transcript

Lewis Romano "Just to addto that we are in conversation about deploying the platform through apartnership or client style relationship in another continent completely remotely so we can deploy the platform on the cloud to your servers remotely which is tremendous and we are currently exploring"

Brenton Glaister then added

"We havesome key companies in our industry which have approached us and they believe weare going to be a market disruptor in their own country and they have put uptheir hands and said you know only a few days ago we would love to work with you guys we got the client base why would you want to acquire something over this way when we are happy to do a special purpose vehicle and promote you and rollout your product in to the market with sales team we have so there a lot of options for David and the board to consider but they are very exciting and when you are sort out by people who are 100 times the size of ourselves and have the resources to support us even through that process in their country and rather than go in to opposition they want to partner with us so you know we are on the right track"

I believe they were talking about Square/Afterpay deal Square is huge (120 billion market cap) in USA and has partnerships with a lot of other companies in the payment space as per the link and from the look of it want to partner with Credit Clear, things are really hotting up

https://squareup.com/au/en/partnerships