Clear (née ClearTax), India’s leading fintech SaaS company, has announced a $75 million Series C fundraise led by Lowenstein client Kora, as well as Stripe, Alua Capital, Think Investments, and existing investors. The funds will be used to accelerate Clear’s expansion into B2B credit and payments plus expansion into international markets.
Clear is widely known in India as the maker of ClearTax, a digital tax platform for consumers. Clear’s SaaS platform has witnessed 5x growth in the last 18 months, adding 3000+ large enterprise customers. It also saw a surge in usage with over one million small businesses on the platform. The Clear platform now processes over 10% of India’s business invoices, with a GMV of $400 billion.
The latest funding will help propel the company’s expansion in payments and credit, and take its product suite to international markets where similar shifts are taking place.
The deal team included Kathi A. Rawnsley, Peter D. Greene, James B. O’Grady, Frank W. Eucalitto, Gwendolyn Holst, and Latoya Bethune.
About Lowenstein Sandler LLP
Lowenstein Sandler is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.
Senior Manager, Marketing Communications
Lowenstein Sandler LLP