Technical Sourcer, Clearpay
Interest-free payment plans
Job no longer available
Interest-free payment plans
101-200 employees
Job no longer available
101-200 employees
Company mission
Clearpay's mission is to empower customers and power an economy in which everyone wins.
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Company mission
Clearpay's mission is to empower customers and power an economy in which everyone wins.
67% employee growth in 12 months
Our take
Credit card ownership among millennials is falling, with many people looking for new ways to spread out the cost of a purchase. Clearpay solves this problem by offering interest-free payment plans.
Clearpay is one of a wave of Buy Now Pay Later (BNPL) providers that have taken the retail world by storm. Unlike many of its competitors, however, Clearpay charges no interest. Instead, users are charged a fixed £6 fee on late payments. Their solution is proven to drive customer spending online, making Clearpay an attractive proposition for e-commerce merchants and online retailers. Since launching in Australia (where the company is known as Afterpay), Clearpay has expanded into the US, UK and much of Europe.
Despite their impressive growth, Clearpay faces some major challenges. UK regulators are cracking down on BNPL providers in a move that could curb profits and growth. What’s more, Clearpay faces strong competition from the likes of Klarna, Zilch and payments giant PayPal. The company plans to consolidate its move into in-store service, which could give Clearpay the edge over its rivals.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Work from home opportunities
Leadership
Anthony Eisen
(CEO)Previously Senior VP at Credit Suisse and Chief Investment Officer at GPG. Also Director of Stone & Chalk, Australasia's leading independent, not-for-profit innovation hub.