About us
Best Payment Startup Innovation
Asia-Pacific 2025
Australian Tech Competition
2025
The story behind Clearitt
Clearitt runs two products on the same Universal Contra-Account rail: ClearittBulk for B2B invoice netting, and WageTab for wage netting.
Every employer who joins WageTab becomes a natural ClearittBulk member.
WHY
For over 200 years, banks have cleverly settled their obligations by using Multilateral Contra-Accounts. They net off what they owe each other, transfer only the small residual, and move on. It is one reason banks consistently earn profit margins of 30–35% — year in, year out, and one reason they have grown so powerful.
The rest of the business world has been left chasing invoices, juggling cash buffers, paying transaction fees, and financing the gaps in between. Not because a better system didn’t exist — but because nobody had made it available to them.
That is why Clearitt exists. To level the playing field.
HOW
Clearitt was founded by Dr Richard Johnsson — economist, former private banker, and the person who asked the obvious question nobody had answered: why can’t every business settle what they owe each other the way banks do?
With a doctorate in economics and two decades of financial services experience across six countries, Richard had seen both sides of the equation — the institutions that benefited from multilateral contra-accounts, and the businesses that didn’t know it existed.
“I kept seeing businesses struggling with cash flow problems that didn’t need to exist. The solution had been sitting in the banking system for 200 years. It just needed to be made available to everyone. And if I don’t do it, who will?
It’s all so simple. And simplicity is the last step of wisdom, as the saying goes.”
— Dr Richard Johnsson, Founder & CEO
Clearitt is the result — a platform built on the same mechanism that underpins the global banking system, redesigned from the ground up for Australian businesses of every size.
WHAT
Clearitt gives every business a Universal Contra-Account — a live ledger that tracks what you’re owed and what you owe across your immediate network and beyond. Once a week, your receivables are netted off against your payables. One net payment settles everything. No chasing. No cash buffer. No financing gaps.
The cash flow problem doesn’t get managed. It simply disappears — to the extent that invoices are cleared.
“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”
— Buckminster Fuller
Dr Richard Johnsson
Founder & CEO
Our logo is Jera — a rune from the Viking age, still carved on stones across Scandinavia. It means harvest: the principle that patient, honest work returns abundance in kind.
Our founder Richard grew up in the heart of Viking country — Uppland, Sweden, where rune-stones still stand in the fields and the forests, and where the runic alphabet was in everyday use as recently as the early 1900s. When it came time to choose a symbol for Clearitt, he didn’t have to look far.
Two chevrons, facing opposite directions. Receivables and payables. What you’re owed and what you owe. In a UCA, they meet in the middle — and only the difference settles.
We thought that was worth building a company around. Even in Australia.
That’s Clearitt in a rune.
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