Clear a fintech SaaS firm from the makers of Cleartax, today announced expansion of their operations in the Middle East. The company will start with the launch of electronic invoicing products for medium to large enterprises and offer VAT compliance, Accounts Payables and Receivables automation and B2B payments in the next few months in the region.
“Clear is well-positioned to enter the Middle East market considering the increasing push on digital payments, digitisation of business processes, government mandates on digitization of tax and compliance, and overall increasing adoption of cloud-based technology solutions," said Archit Gupta, founder and chief executive officer of Clear.
Gupta said the company will invest $20 million for product development, local teams hiring, and marketing across different countries in the Middle East. Clear has a solid product roadmap for the Middle East and will launch a series of SaaS product suites.
Clear has already launched an electronic invoicing product in Saudi Arabia, with Arabic language support and local cloud data servers.
The company is developing solutions, which can be easily integrated with any ERP system, and provides AIpowered smart validations and reconciliations in its einvoicing and VAT filing.
About Clear
Clear is India’s leading Fintech SaaS company with the mission of simplifying finances for Indian businesses and individuals. We are trusted by over 5 million Indian Taxpayers, more than 1,00,000 tax practitioners, 600,000 small businesses and 2,000 large businesses and brands. For small and large businesses, our product suite covers invoicing, GST, range of managed services and credit. For tax professionals, we offer comprehensive GST compliance, ITR and TDS filing solutions. For individuals, we offer tax compliance and wealth management. Clear has raised $65 Million in equity capital investment since its inception. The company was incubated in Y Combinator and is funded by Silicon Valley investors, including PayPal co-founders Peter Thiel’s Founders Fund, Max Levchin, and Scott Banister. Clear’s investors include Composite Capital, Sequoia Capital, and SAIF Partners. Please visit – Twitter, Instagram, LinkedIn, Facebook and YouTube for latest updates on Clear
