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Friday, October 17, 2025

Credit Clear: Completes acquisition of ARMA group

Credit Clear Completes acquisition of ARMA group

  • Credit Clear (CCR) completes acquisition of ARMA group and appoints new company CEO and Managing Director
  • Former ARMA group CEO Andrew Smith will take over the role of CEO for the new combined entity, while CreditClear CEO David Hentschke will become Managing Director
  • The acquisition will reportedly deliver a combined FY21 normalised group revenue of $26.5 million with an EBITDA of $3.9 million
  • Mr Smith says he is grateful to the CreditClear board for the opportunity to take up a leadership position within the company
  • CCR shares were up 6.5 per cent at 41 cents
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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