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Corporation
INTERNET | Internet Software & Services / Accounting & Finance
cleartax.in

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Founded Year

2011

Stage

Series C | Alive

Total Raised

$140.42M

Valuation

$0000 

Last Raised

$75M | 1 mo ago

Mosaic Score

+200 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Clear

Clear is an online platform for tax filing. Clear aims to simplify the process of filing taxes online. Once a form is uploaded to the company's website, the software retrieves relevant information to remove the need for manual data entry, preparing tax forms for each user.

Clear Headquarter Location

ClearTax, 2A, Ground Floor 23 & 24 AMR Tech Park Internal Rd, Hongasandra

Bengaluru, 560068,

India

Latest Clear News

ClearTax expands its operations into the Middle East, raises $75m

Nov 11, 2021

November 11, 2021 ClearTax (now rebranded as Clear), a fintech SaaS company has announced its entry into the Middle East through a $75m Series C fund raise for the expansion into international markets. The fundraise led by Kora Capital, alongside global fintech Stripe, Alua Capital, Think Investments and existing investors will also be utilised to boost Clear’s diversification into other business lines such as B2B credit and payments. ClearTax is a tax and compliance technology solution provider that also offers software solutions for invoices, payments, and credit for businesses. In the Middle East, the company will start with the launch of electronic invoicing products for medium to large enterprises and expand to VAT compliance, accounts payables and receivables automation and B2B payments in the next few months. The company has already launched its solution to generate electronic invoices as per Zakat, Tax and Customs Authority (ZATCA) guidelines in Saudi Arabia. The tech platform is available in English and Arabic with cloud servers hosted inside the kingdom. Speaking on the development, Archit Gupta, founder and CEO of ClearTax said, “Government authorities across the Middle East are undertaking massive digital reforms to transform the economy in the next decade. This wave of digitisation is resulting in rapid investments in this region from global tech giants. We think that ClearTax is also well-positioned to enter the Middle East market considering the increasing push on digital payments, digitisation of business processes, government mandates on digitisation of tax and compliance, and overall increasing adoption of cloud-based technology solutions.” ClearTax’s SaaS platform has witnessed a 5x growth in the last 18 months adding 3,000+ large enterprise customers. The ClearTax platform now processes over 10 per cent of India’s business invoices with a GMV of $400bn. The company is developing solutions that can be easily integrated with any ERP/ POS system, provides AI-powered smart validations and reconciliations to ensure maximum efficiency and accuracy in e-invoicing and subsequent VAT filing. It is looking to enter the UAE by mid-2022 with e-invoicing and VAT offerings within the country.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Clear

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Clear in 3 CB Insights research briefs, most recently on Oct 27, 2021.

Expert Collections containing Clear

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Clear is included in 4 Expert Collections, including Regtech.

R

Regtech

1,342 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

2

2018 Fintech 250

748 items

F

Future Unicorns 2019

50 items

F

Fintech

3,161 items

Clear Patents

Clear has filed 10 patents.

The 3 most popular patent topics include:

  • Amines
  • Hepatotoxins
  • Indoles
patents chart

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Grant Date

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10/9/2020

11/2/2021

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Image processing, Photographic techniques, Digital photography, Photography equipment, Conservation and restoration

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