Summary from announcement below. The foot in the door with IAG is good to see, growth in sales flagged is also welcome, but as CCR scale, the numbers quoted will need be much larger for a share price bump. This level of growth is base line at best in my view and has spurred me to updating my valuation for the H1 results which I will publish later.

Announcement highlights:

• In March, Credit Clear has signed a two-year agreement with IAG

• Credit Clear will deploy its purpose-built digital workflow for IAG, enabling third-party payments to be made online

• In January and February, 52 new clients were signed for a total of $2.4m in Potential Reveune1

• The appointment of PSC Insurance founder Paul Dwyer as Credit Clear’s Chairman has enhanced the Company’s reach into Australian and international insurance markets

• The Company expects revenue from insurance clients to grow 141% this year, from a total of $2.2m achieved in FY22 to approximately $5.3m in FY23

Disc: I own in RL & SM