The Credit Clear Ltd (ASX: CCR) share price is on course to start the week with a solid gain.
In morning trade, the debt recovery solution provider’s shares are up 5% to 76 cents.
At one stage today, the Credit Clear share price was up as much as 10% to 79.5 cents.
Why is the Credit Clear share price storming higher?
Investors have been buying Credit Clear shares this morning after it announced a major new customer win and strong third quarter growth.
According to the release, the company has signed Suncorp Group Ltd (ASX: SUN) as its first major insurance sector client.
The company notes that the signing of Suncorp, for a fully integrated digital service, capped off a very strong third quarter of FY 2021 for Credit Clear.