Clearent
- Company typePrivate
- Founded2005
- HeadquartersAtlanta, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
Clearent firmographics
Firmographics- Name
- Clearent
- Legal name
- Clearent, LLC
- Website
- https://clearent.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Clearent industry classification
Industry- Product category
- Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Activities Related to Credit Intermediation (5223), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Merchant Services Aggregators & SMB Acquirers (FSAMABAK)
- akta.pro secondary industries
- Developer Tooling & SDKs for Payments (Gateway Tooling) (FSAMACAL), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF), B2B BNPL (Invoice Split/Net Terms for SMB Procurement) (FSAKACAJ)
Keywords
Where Clearent is headquartered
LocationHeadquarters
- HQ city
- Atlanta
- HQ country
- United States
- HQ region
- North America
Markets served
Clearent business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Payment Processing Transaction Fees: Revenue generated from transaction fees on payment processing. Processing volume reaches $47 billion annually across 66,000+ businesses.
- PayFac as a Service (PFaaS): Full payment facilitation service where SaaS platforms become virtual payment aggregators. Partners can move between referral, hybrid, and PFaaS structures based on growth stage.
- Referral and Hybrid Models: Flexible revenue structures allowing partners to start with referral arrangements and evolve to hybrid models as they scale embedded payments.
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
Clearent product offering
Product offeringCore offering
Clearent, operating as Xplor Pay, provides embedded payment processing and PayFac as a Service for vertical SaaS platforms via APIs and SDKs, alongside merchant payment processing products (POS, mobile app, virtual terminal, invoicing, cash discounting, gift/loyalty, and merchant financing) for SMBs. It supports both B2B partner platforms and direct merchant customers with a modular suite spanning payments, boarding, reporting, recurring billing, and embedded capital.
Product overview
Xplor Pay (formerly Clearent) is a dual-market payment technology platform providing both B2B embedded payments solutions for vertical SaaS platforms and B2C payment processing for SMB merchants. The platform operates on a platform-plus-modules architecture consisting of core offerings (PayFac as a Service, Embedded Payments, Flex Framework) paired with a comprehensive API product suite (Transaction API, Reporting API, Boarding API, Recurring Payments API, Marketing API, Dispute Management API, Mobile Payments SDK) and specialized solutions (Embedded Capital, White-Label Payments). For merchants, the platform offers payment processing with supporting products including Cash Discounting, Payment Protection, Smart Invoicing, Merchant Financing, Gift Cards & Loyalty, and multiple acceptance channels (Point of Sale, Mobile App, Virtual Terminal, Text to Pay, Hosted Payments).
Differentiator
Problem solved
Functional benefit
Products and services
- PayFac as a Service Payment facilitation service that enables vertical SaaS platforms to offer payment processing capabilities, balancing risk and reward for software providers by making them virtual payment aggregators.
- Embedded Payments Embedded and integrated payment solutions for software providers to seamlessly integrate payment processing into their platforms, increasing recurring revenue and reducing churn.
- Flex Framework Stage-based program design that allows vertical SaaS platforms to start with referral, hybrid, or PayFac as a Service models and evolve their approach over time based on business maturity.
- Embedded Capital Low-code capital solution embedded directly into software platforms, enabling merchant financing capabilities for platform users.
- White-Label Payments White-label payment solutions allowing platforms to power their service with branded payment capabilities.
- Transaction API API enabling software providers to seamlessly embed payment processing into their applications.
- Reporting API API providing robust reporting and payments insights for platform operators.
- Boarding API API offering flexible solutions for all merchant boarding needs.
- Recurring Payments API API enabling software providers to monetize subscription billing through recurring payment capabilities.
- Marketing API API combining data with marketing automation for platform growth.
- Dispute Management API API enhancing software with built-in dispute resolution capabilities.
- Mobile Payments SDK SDK enabling secure mobile application payment acceptance.
- Payment Processing Simple, secure payment processing solutions for SMBs.
- Point of Sale Efficient business management platform for point of sale operations.
- Mobile App Mobile application for accepting credit cards on the go.
- Virtual Terminal Online payment acceptance solution.
Quantifiable outcome
- $47 billion processed annually
- +3 more outcomes
Companies that use Clearent
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles2 records
Clearent technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature9 records
Clearent partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- Gym Business ManagercorePartner platform integrating Xplor Pay's embedded payment solutions for gym and fitness business management software.
- ImprovificorePartner platform using Xplor Pay's embedded payments for improvisational entertainment and event management.
- CCCcoreEnterprise partner platform utilizing Xplor Pay's embedded payment infrastructure.
- Connect BoostercorePartner platform integrating Xplor Pay's payment solutions for connection and networking services.
- Parse PaycorePartner platform leveraging Xplor Pay's embedded payment capabilities for parsing and financial services.
- BPA POScorePartner platform using Xplor Pay's point of sale integration for business management.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Clearent competitors and assessment
Company assessmentBroad incumbents
- Checkout.com: Global payments processor with embedded commerce APIs and platform solutions for marketplaces and SaaS. Comparable to Xplor Pay on developer-first API distribution and merchant acquiring for software platforms.
- Adyen: Global payments platform offering unified acquiring, processing, and embedded commerce APIs to enterprise platforms including SaaS marketplaces. Comparable in offering payment APIs and embedded commerce to large SaaS partners, though typically targeting larger enterprise volume.
- Stripe: Stripe Connect is a leading developer-first embedded payments and PayFac-as-a-Service platform used by vertical SaaS platforms globally. Directly comparable to Xplor Pay on API architecture, partner economics, and target SaaS buyer, though at significantly greater scale.
- Worldpay for Platforms: Worldpay's embedded payments and PayFac-as-a-Service offering for software platforms and marketplaces. Comparable to Xplor Pay on PFaaS model, vertical SaaS targeting, and partner monetization infrastructure.
Direct peers
- Payment Depot: SMB-focused payment processor offering interchange-plus pricing, POS, and merchant services. Comparable to Xplor Pay's merchant-facing SMB payment processing arm and ISO/agent distribution channel.
- Stax: Payments platform specifically built for vertical SaaS platforms offering embedded payments, PayFac-as-a-Service, and merchant financing. Closely comparable to Xplor Pay's vertical SaaS focus, Flex Framework concept, and SMB/merchant acquisition strategy.
- Helcim: Canadian-headquartered payment processor offering transparent pricing, POS, and merchant services to SMBs. Comparable to Xplor Pay on merchant-facing processing, ISO/agent distribution, and merchant financing add-ons.
- Payrix: Embedded payments and PayFac-as-a-Service platform built specifically for vertical SaaS platforms. Closely comparable to Xplor Pay's Flex Framework model and vertical SaaS target market.
- Fattmerchant: Embedded payments and subscription billing platform serving SaaS and SMB merchants with transparent pricing and integrated merchant financing. Directly comparable on the SMB merchant processing side and embedded capital offering.
Emerging players
- Finix: Payments infrastructure provider enabling software platforms to embed payments and monetize transactions. Comparable to Xplor Pay's PayFac-as-a-Service and embedded payments value proposition for SaaS partners.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Clearent social profiles
Digital presenceClearent financial estimates
Financial estimateRevenue estimate
Valuation estimate
Clearent leadership team
Management profileNumber of profiles
Clearent funding detail
Funding detailFunding overview
Funding rounds4 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Clearent M&A and investment
M&A and investmentM&A6 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Clearent
What does Clearent do?
Clearent, operating as Xplor Pay, provides embedded payment processing and PayFac as a Service for vertical SaaS platforms via APIs and SDKs, alongside merchant payment processing products (POS, mobile app, virtual terminal, invoicing, cash discounting, gift/loyalty, and merchant financing) for SMBs. It supports both B2B partner platforms and direct merchant customers with a modular suite spanning payments, boarding, reporting, recurring billing, and embedded capital.
Is Clearent a public or private company?
Clearent is a private company. It is classified as corporate owned and is currently operating.
When was Clearent founded?
Clearent was founded in 2005. It employs 501 to 1,000 people.
Where is Clearent based?
Clearent is headquartered in Atlanta, United States, in the North America region.
How does Clearent make money?
Three revenue lines are on record. Payment Processing Transaction Fees are the primary driver. The others are payFac as a Service (PFaaS) and referral and Hybrid Models.
Who are Clearent's main competitors?
Broad incumbents on record are Checkout.com, Adyen, Stripe and Worldpay for Platforms. Direct peers are Payment Depot, Stax, Helcim, Payrix and Fattmerchant. Finix is listed as an emerging player.
Does Clearent have an API?
Yes. Xplor Pay offers a suite of payment APIs for software providers including Transaction API (seamlessly embed payment processing), Reporting API (robust reporting and payments insights), Boarding API (flexible solutions for all boarding needs), Recurring Payments API (monetize subscription billing), Marketing API (data meets marketing automation), and Dispute Management API (built-in dispute resolution). Documentation available at docs.xplorpay.com. Mobile Payments SDK also available. Developer documentation is at docs.xplorpay.com.
What industry is Clearent in?
Clearent's product category is Payment Processing. Its primary akta.pro industry code is FSAMABAK, Merchant Services Aggregators & SMB Acquirers, with a secondary code of FSAMACAL, Developer Tooling & SDKs for Payments (Gateway Tooling). Its NAICS code is 52232 and its SIC code is 7370.