Clear: A Platform for Simplifying Finances for Indians

Clear is a startup that aims to transform the financial industry with its AI-powered platform. Clear offers taxation and financial solutions to individuals, businesses, organizations, and chartered accountants in India. Clear serves 1.5+ million happy customers, 20,000+ CAs and tax experts, and 10,000+ businesses across India.

Clear

Details of the startup:

  • CITY: Delhi
  • STATE: Delhi
  • STARTED IN: 2016
  • FOUNDERS:  Archit Gupta, Ankit Solanki, Raja Ram Gupta and Srivatsan Chari
  • NUMBER OF INVESTORS : 19
  • LATEST ROUND INVESTMENT : –
  • TOTAL INVESTMENT : ₹10316.19M
  • TOTAL SECURED LOANS AVAILED :Nil

You can find their website here.

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What is Clear?

Clear is a platform that provides end-to-end solutions for various financial needs, such as e-invoicing, TDS, GST, ITR filing, invoice lifecycle finance, vendor management, invoice to pay to finance, GST lifecycle, accounts payable, compliance and taxation. Clear helps customers to simplify their finances, save time and money, and achieve 100% compliance.

Clear offers a range of products and services, such as:

  • ClearTax: India’s simplest income tax filing platform that helps customers to file their taxes in 3 minutes, with no manual data entry, 100% auto-fill, and maximum tax savings.
  • ClearInvoicing: A secure and award-winning e-invoicing and invoicing solution that integrates with major ERP systems and GSTN, and provides 200+ validations for billing.
  • ClearGST: A comprehensive GST solution that helps customers to manage their GST lifecycle, from registration to filing, with features such as MaxITC, TDS, and reconciliation.
  • ClearTreasury: A smart treasury management solution that helps customers to optimize their cash flow and working capital, with features such as invoice discounting, supply chain financing, and dynamic discounting.
  • ClearVendor: A vendor portal that helps customers to streamline their vendor management, from onboarding to payment, with features such as vendor verification, invoice approval, and payment automation.
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How does Clear work?

Clear works on four key pillars: API-led, real-time, artificial intelligence based, and OCR applications.

  • API-led: Clear’s API-led approach ensures customers have access to all the right financial products and services across categories and platforms. Clear provides a seamless integration with ERP systems, GSTN, banks, NBFCs, and other financial institutions, enabling faster and smoother transactions.
  • Real-time: Clear’s real-time access to the financial data ensures customers always have access to the latest information and insights. Clear also provides real-time tracking and reporting of all transactions across India, helping customers to monitor and optimize their performance.
  • Artificial intelligence based: Clear’s AI-based suite solves problems around taxation, compliance, treasury, and vendor management. Clear uses machine learning and natural language processing to automate and enhance various processes and tasks, such as tax calculation, data analysis, invoice issuance, payment processing, and customer engagement.
  • OCR applications: Clear’s computer vision based applications span e-invoicing, GST, and data management. Clear uses optical character recognition (OCR) to extract and verify information from images and documents, such as invoices, receipts, PAN cards, Aadhaar cards, etc.
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Why choose Clear?

Clear offers several benefits for both customers and financial partners, such as:

  • Customer-centric: Clear focuses on providing a transformational customer experience by building thoughtful artificial intelligence into its platform. Clear helps customers to find the best financial products and services for their needs, compare quotes, buy policies, and manage finances online, with minimal hassle and maximum convenience.
  • Cost-effective: Clear helps customers to reduce their operational costs and increase their revenue by providing a standardized and scalable platform. Clear also helps customers to save money by offering competitive prices and discounts on financial products and services.
  • Innovative: Clear is constantly innovating and improving its platform to meet the changing needs and expectations of the financial industry. Clear offers a range of financial categories, such as e-invoicing, TDS, GST, ITR, treasury, and vendor management. Clear also uses cutting-edge technologies, such as AI, OCR, and blockchain, to enhance its platform’s features and functionalities.
  • Trusted: Clear is backed by reputed investors and partners, such as Y Combinator, Sequoia Capital, SAIF Partners, and Tiger Global. Clear also has a strong team of experienced professionals and experts from the financial and technology domains. Clear has received positive feedback from its clients, such as Flipkart, Ola, Swiggy, and Zomato.
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How to get started with Clear?

If you are interested in using Clear’s platform, you can request a demo or get in touch with them through their website. You can also follow them on their social media channels, such as LinkedInGithubInstagramYoutube, to stay updated with their latest news and developments. You can also check out their career page if you want to join their team and work on exciting projects. Clear is always looking for talented and passionate people who share their vision and values.

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