Receivables management start-up Credit Clear has received a big win, with Suncorp signing a two year contract for a digital service.

The company said the deal would be worth A$1.6 million of revenue over four years (if Suncorp takes up the option of an additional two years).

Credit Clear was launched in 2015 and listed on the ASX last October. It offers what it calls a “full-service suite of receivables services, allowing clients to manage communications and payment arrangements with their customers through a digital and mobile interface.”

It reported a loss of $4.3 million on revenue of $6.5 million in 2019/20, following a loss of $3.5 million on revenue of $1 million in 2018/19.