Welcome to our
Deal Room
Here you can find information and documents related to our capital raise
Vision, Mission and Status Quo
The vision – To make cash transfers a thing of the past, using payments clearing to simplify life for everyone.
The mission – We are empowering businesses with innovative and cooperative financial solutions that make life easier.
Clearitt challenges the status quo, builds a vibrant business ecosystem, and turns the idea of fair play in finance into a tangible reality.
Problem and Solution
Problem
Clearitt addresses the substantial challenge of efficiently managing a business’s cashflow, which consumes significant time and financial resources.
At its core, businesses need timely payments to meet obligations but often must resort to inefficient solutions like invoice financing, borrowing, or manual customer chasing. Compounding this, customers face identical pressures – creating systemic friction across the financial ecosystem.
Solution
Clearitt offers a centuries-old solution –clearing – to a new audience. Our platform enables businesses to offset payables against receivables, allowing them to only settle the net amount.
Benefits
Invoice clearing offers numerous advantages to businesses. These benefits include significant time savings, cost reductions and freeing up working capital to grow their business.
Market Opportunity
#1. Clearing Services – TAM ~ AU$5bn / year
The Australian payments market represents a significant opportunity, with AU$5.1t in clearing potential for us. This comprises AU$4.1t in annual B2B invoicing (2.4m businesses) and AU$1t wage payments (13.4m employees).
We charge a 0.1% fee on the amount cleared (see business model section).
TAM: AU$5b annually in invoice clearing fees (AU$4b B2B invoicing + AU$1b wages).
SAM: Full market service infrastructure
SOM: Currently capable of servicing over 90%+ of SMEs
#2. Data Monetisation – TAM also in the AU$ billions
We’re mapping Australia’s AU$4.1t B2B invoice network – currently unmonetised – with foundational capabilities:
• Industry code capture (mapped to international standards)
• High-value benchmarking datasets
• Future opportunities:
o Supply chain analytics
o Business directory services
o Fund manager intelligence tools
o etc.
#3. Global scaling
- US market: 11x Australia’s scale
- EU market: 10x Australia’s scale
Business Model
Clearitt helps businesses settle their incoming and outgoing B2B invoices in bulk with minimal or no cash transfers.
Clearitt’s business model rests on two primary revenue streams:
#1. Performance-Based B2B Invoice Clearing Fee
Clearitt charges a performance-based fee that applies only if we have reduced the need for cash payments for a business. The fee is 0.1% of the cleared amount. For example, if Clearitt reduces the need for cash payments for a business of $100,000, we will charge the user $100.
This model provides a cost-effective alternative to traditional financing methods like loans or invoice financing. Our users pay only when they benefit, ensuring customer satisfaction and loyalty, effectively eliminating churn.
This source of income is based on the large volume of B2B invoicing that takes place in Australia, which is 3-4 times larger than B2C consumer spending.
#2. Data Monetisation
Clearitt capitalises on the expansive B2B and B2C network along with cutting-edge analytics capabilities for data monetisation.
Our Cashflow Monitor is a Software-as-a-Service (SaaS) offering that charges a base fee of $19 per month. This service equips businesses with detailed financial insights, providing them with data-driven recommendations and proactive decision-making support.
Additionally, from day one, we gather critical industry data, setting the stage to soon deliver world-class benchmarking and credit scores on an industry level. Our ongoing efforts to decode this vast and intricate network promise exciting future developments in data services.
Why Now?
Clearitt’s launch aligns perfectly with the technological advancements in APIs, cloud computing, and AI/ML. Additionally, Clearitt benefits from favourable regulatory conditions. Its user-centric design ensures a seamless experience, catering to a growing population of tech-savvy users.
Given the current economic challenges, including the scarcity of capital and rising interest rates, Clearitt plays a vital role in streamlining cashflow and unlocking working capital efficiently.
Competition
Clearitt has no direct competitors but instead will be challenging several legacy trillion-dollar industries. This includes invoice financing, business loans, and business banking.
Core Team and Advisors
Clearitt’s leadership team and advisors bring together a wealth of experience in fintech, banking, strategy and technology, positioning the company for rapid growth and innovation in the B2B payments space.
With experience spanning Australia, Europe, Asia and North America, our team brings a global perspective to solving financial challenges.
Collectively, our team has raised over AU$400 million in funding.
Core Team:
Dr Richard Johnsson | Founder & CEO – Richard’s unique blend of academic expertise and practical experience in finance positions him ideally to lead Clearitt’s innovative approach to rationalising payments. Through his studies and extensive experience in financial institutions, he observed how clearing was being utilised and saw the potential to bring its power to everyone. Richard earned a doctorate in economics from Uppsala, Oxford, Innsbruck and Sydney Universities, honing his expertise in global financial systems.
With executive positions at Soderberg & Partners (raising $1.5m) and Swedbank, Richard has worked across four countries on three continents.
Robert Schuijff – Robert is a seasoned executive with over three decades of experience in strategy and operations. For the past five years, he served as the global CEO of etika, a consumer and SME finance company, where he was brought in to improve the business and lead international expansion efforts. During his tenure, Robert successfully secured critical equity and debt funding, growing the total global loan book to $300M. Robert excels in developing and implementing innovative solutions that drive business success, with expertise in strategic planning, execution and managing change.
Harsha Gamaethige – Harsha holds an MBA from Macquarie Business School in Sydney and professional certifications from CPA Australia and the Institute of Chartered Accountants of Sri Lanka. He began his career with PWC and has since worked in various countries, sharpening his skills in financial strategy and cash flow management with SMEs and multinational corporations including Citibank, OnDeck and etika over the last 15 years.
Andreas Gjoesund – Andreas has gained extensive experience as a strategic and results-oriented leader with a strong background in operations and marketing. He has held multiple executive positions at leading European and international companies, driving success across sales, operations, innovation and business development.
Andreas holds a master’s degree in international business and has a proven ability to develop and execute strategies in sales, marketing, business development, and data-driven analytics. He is recognised for his skills in team management, operational efficiency and delivering measurable outcomes.
Ganesh C Prasad – Ganesh brings over three decades of IT experience, combining hands-on development expertise, the conceptual vision of a seasoned architect and the ability to communicate effectively with diverse stakeholders. His nurturing leadership style has earned him recognition in the field.
Ganesh holds a master’s degree in computer science and engineering from the Indian Institute of Technology (IIT), Kanpur and an MBA from the Indian Institute of Management (IIM), Ahmedabad. Ganesh is also the author of widely cited books and white papers.
Carolina Schuiling – Carolina is a seasoned marketing professional with two decades of experience spanning digital products, financial services, and FMCG sectors. Her diverse career has seen her excel in both large blue-chip corporations and dynamic startups, giving her a unique blend of corporate structure and entrepreneurial agility.
Carolina brings the perfect mix of strategic vision and practical execution to drive growth for Clearitt.
Advisors:
Vinay Samuel – Founder and CEO of Zetaris and Australian Computer Society CXO10 Disruptor of the Year 2019. Zetaris has recently raised $30 million, enabling expansion into the US market.
Mark Arnold – Former partner at Deloitte Australia and South Africa in the Transformation, Technology and Strategy consulting practice. Mark has over 30 years’ international banking experience in banking as a CFO for Corporate and Institutional Divisions for major UK Banks.
Kannan Hariharan– A fintech entrepreneur, operator and investor based in Sydney with over 25 years of experience. Kannan established a multimillion-dollar payment infrastructure company in India, which recently filed for an IPO after securing $22.4m in growth funding.
Shane Muller -Shane has over 40 years of experience managing businesses across four continents. He has consulted for over 300 businesses and spearheaded more than 50 product innovations. Shane received the 2024 Australian CEO Excellence Award for his contributions to community, security and privacy.
This diverse and experienced team is united in its vision to revolutionise B2B payments and unlock working capital for businesses across Australia and beyond.
Exit Strategy
We expect this to happen within 3 to 5 years.
Acquisition or equity partner: Clearitt’s unique capabilities makes it an attractive target for major financial institutions or tech giants looking to expand their offerings. Our proprietary clearing technology and growing network of users will represent significant value for potential acquirer.
IPO: As Clearitt scales and captures a significant portion of the AU$4.1t B2B invoicing and AU$1t wage payments market in Australia, an IPO would allow us to access capital markets for further expansion, potentially into international markets.
Documents
[Click to open in a new tab or right-click to download]
Pitchdeck
Constitution
Certificate of Registration
Regulatory Compliance
Financial Projections
Financial Statements
Cap Table
Corporate Structure
Marketechture
201 Kent Street
Sydney NSW 2000
Australia