ARC (Europe) acquired by Australian fintech

Australian technology and debt collection provider Credit Clear has announced it has entered into a binding agreement to purchase debt collection agency (DCA) ARC (Europe) pending FCA approval.

Credit Clear says that the acquisition marks a major milestone for the company, expanding its footprint into the UK and European markets, adding immediate scale and unlocking cross-sell opportunities

The company expects the acquisition of ARC (Europe) to deliver operational efficiencies and accelerate growth whilst providing the ability to cross-sell Credit Clear’s digital offering to the DCA’s customers. 

ARC (Europe)’s business co-founders will continue in their existing roles as part of the deal.

Credit Clear CEO and MD, Andrew Smith, said “The ARC acquisition mirrors our successful Australian growth model, demonstrated by the Acquisition of Arma Group nearly four years ago. By integrating ARC Europe’s operations with Credit Clear’s market-leading technology platform, we aim to enhance efficiency via the scalability of our digital-first model and drive superior outcomes in the UK and European collections markets. We welcome the significant investment step up and conviction of our Chair, Paul Dwyer and the institutional support for our strategy, and we look forward to delivering value for all shareholders.”