Clearent

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

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

• Embedded payments platform
• Payment processing services
• PayFac as a Service
• Vertical SaaS payments
• Payment facilitation APIs

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Payment Processing Transaction Fees: Revenue generated from transaction fees on payment processing. Processing volume reaches $47 billion annually across 66,000+ businesses.
2. 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.
3. 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

Core 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

Named customers6 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Six partnerships are on record, tiered core.

• Gym Business ManagercoreTechnology or IntegrationPartner platform integrating Xplor Pay's embedded payment solutions for gym and fitness business management software.
• ImprovificoreTechnology or IntegrationPartner platform using Xplor Pay's embedded payments for improvisational entertainment and event management.
• CCCcoreTechnology or IntegrationEnterprise partner platform utilizing Xplor Pay's embedded payment infrastructure.
• Connect BoostercoreTechnology or IntegrationPartner platform integrating Xplor Pay's payment solutions for connection and networking services.
• Parse PaycoreTechnology or IntegrationPartner platform leveraging Xplor Pay's embedded payment capabilities for parsing and financial services.
• BPA POScoreTechnology or IntegrationPartner platform using Xplor Pay's point of sale integration for business management.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad 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

• Xx.com/XplorPay
• Facebookfacebook.com/XplorPay
• LinkedInlinkedin.com/company/xplorpay

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Clearent