ClearPay

Toronto, Canada Founded: 2013 • Age: 13 yrs Acquired By InsurePay
Carrier payment and settlement solution for the insurance industry
Annual revenue - Latest available
Total funding - Funding intelligence
Employees - Tracked headcount
Investors 1 Known backers
Products 2 Services tracked
Competitors 10 Brand Intelligence

About ClearPay

ClearPay is a company based in Toronto (Canada) founded in 2013 was acquired by InsurePay in June 2022. ClearPay offers products and services including ClearPay Platform and InsurePay Service. ClearPay operates in a competitive market with competitors including Functional Finance, InsurePay, SCIO Health Analytics, Ascend and VPay, among others.

  • Headquarter Toronto, Canada
  • Sectors
    Financial Services
  • Email
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  • Phone
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  • Website
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  • Social
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Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
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  • Net Profit
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  • EBITDA
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  • Latest Funding Round
    Not available
  • Investors
  • Employee Count
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  • Acquired by
    InsurePay

    (Jun 01, 2022)

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Products & Services of ClearPay

ClearPay offers a comprehensive portfolio of products and services, including ClearPay Platform and InsurePay Service.

Product name locked
Category locked
Primary

Automates insurance billing and reconciliation processes securely

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Facilitates end-to-end payments for insurance carriers and brokers

Funding Insights of ClearPay

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Detailed funding history for ClearPay

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Investors in ClearPay

ClearPay has secured backing from 1 investor. Prominent investors backing the company include InsurePay.

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Investor Description Founded Year Domain Location
Cloud-based payroll integration is provided for insurance premium collection.
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Investor details for ClearPay

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Investments & Acquisitions by ClearPay

Investments
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Investment portfolio details for ClearPay

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  • Portfolio identities
  • Transaction dates
  • Round details
  • Investment values

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Financial Statements - ClearPay

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Detailed financials for ClearPay

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  • Profit trends
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Clearpay Comparisons

ClearPay Primary company
Description
Carrier payment and settlement solution for the insurance in...
Location
Toronto, Canada
Founded Year
2013
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
Premium access

Peer comparison for ClearPay

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Competitors of ClearPay

ClearPay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Functional Finance, InsurePay, SCIO Health Analytics, Ascend and VPay, among others.

Company Name Domain Founded year HQ Location Description
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Online payment platform for insurance companies
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Cloud-based payroll integration is provided for insurance premium collection.
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Provides payment integrity solutions for healthcare organizations
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Online insurance payments and premium financing are enabled for businesses.
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Payment solutions provider for insurers
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Payment software for flow of funds in the insurance industry
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Detailed competitors of ClearPay

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  • Domains and locations
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Latest news on Clearpay

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Complete news archive for ClearPay

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  • Brand-specific news history

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Frequently Asked Questions about ClearPay

ClearPay was founded in 2013.

ClearPay is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.

John Knotek is the current CEO of ClearPay.

ClearPay was established in 2013 in Toronto, Canada, as a provider of payment and settlement tools within the insurance sector. A cloud-based platform is utilized by insurance businesses for handling payments and reconciling transaction data related to payables and carriers. Brokers are supported in sending payments and managing reconciliations. Tools such as saving calculators are included to determine monthly statement payments and client advances.

ClearPay's top competitors include Functional Finance, Ascend and Diesta.

ClearPay offers ClearPay Platform and InsurePay Service.

ClearPay has 1 investor. Key investors include InsurePay.

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