Clearwater International advises the owners of Travel Clearing on its sale to Nordtech
Clearwater International has advised the owners of Travel Clearing, a leading expert in travel administration and electronic payment services, on its sale to Nordtech, the investment firm focusing on tech.
Travel Clearing is a fintech company that has revolutionised business travel payments, supporting 14,000 corporations and governmental authorities in Europe. By working closely with travel management companies, credit institutions, and hotels, its platform facilitates smooth transactions and automatic data transfer, eliminating the need for corporate credit cards and travel expense reports. Travel Clearing also provides valuable data insights that boost the users’ expense control and compliance, while minimising the administrative burden.
Nordtech is an investment firm with deep industry experience within the tech space. Based in Sweden, it invests in Nordic software companies.