Xplor Pay

About Xplor Pay

In 2005, Dan Geraty founded Clearent (now Xplor Pay) with a vision to simplify payment processing for businesses. Based in Clayton, Missouri, Clearent quickly established itself as a reliable provider of full-service payment solutions, leveraging its proprietary platform to streamline transactions for merchants. Over the years, Clearent's innovative approach and commitment to customer service helped it grow steadily. The company raised $34.04 million over several funding rounds, attracting investments from notable firms like Eastward Capital Partners and FTV Capital. This financial backing enabled Clearent to enhance its technology and expand its market reach. A significant milestone in Clearent's journey came in 2018 when Advent International acquired the company. This acquisition marked a new chapter, as Clearent merged with FieldEdge, a leading field service management software provider for HVAC, plumbing, and electrical contractors. The merger aimed to create an integrated payments and software leader, combining Clearent's payment processing expertise with FieldEdge's field service management capabilities. Clearent subsequently expanded its software portfolio by acquiring Coolfront, a leading flat-rate pricing app for HVAC, plumbing, and electrical contractors, integrating it into the FieldEdge platform as FieldEdge Flat Rate. In 2021, Clearent underwent another transformation by merging with Transaction Services Group (TSG) to form Xplor Technologies. This merger positioned the company as a global player in integrated payments and software solutions, further expanding its capabilities and market presence across multiple verticals including field services, fitness, education, and hospitality. Today, Clearent's payments business operates as Xplor Pay, the payments division of Xplor Technologies, continuing to provide seamless and efficient payment processing solutions to businesses worldwide. The company's journey from a startup to a key player in the global payments and software sector exemplifies the impact of strategic growth, acquisitions, and adaptation in a rapidly evolving market.