Clear

Clear's stated mission is to simplify finances and save money and time for millions of Indian businesses and people.

Clear's technology has touched 10% of Indian MSMEs and processes $300B worth of B2B invoices flowing through the platform each year, positioning it as India's leading GST/compliance SaaS platform.

Clear positions itself as the #1 GST platform for enterprises, #1 platform for tax experts, and #1 income tax returns platform for taxpayers.

Individual tax filing designed to take minutes rather than the traditional lengthy process.

Salaried individuals and consumers filing income tax returns and building tax-saving investments through Clear's individual products.

SMEs using GST filing, e-invoicing and collateral-free credit/working-capital products.

Large enterprises and their vendor-distributor networks using Clear's e-Invoicing, GST, e-Waybill and Vendor Management stack; customers include JK Tyres per an on-site testimonial.

Chartered accountants and tax practice firms using GST, TaxCloud, TDS and ClearPro tools to serve their own clients.

Individuals can self-file income tax returns end-to-end online in minutes.

ClearServices offers assisted plans for customers who want expert help rather than pure self-service.

Large enterprise and Fortune 500 accounts are managed with high-uptime, high-volume integrated compliance support (99.99% uptime claim).

Consumers, SMEs and enterprises access Clear's products directly via cleartax.in / clear.in and the Clear app.

Chartered accountants and tax practice firms are onboarded and served through a dedicated CA partner program.

Large enterprises and Fortune 500 companies are onboarded via direct partnerships for the integrated e-Invoicing/GST/e-Waybill/Vendor stack.

Building and maintaining GST filing, e-invoicing, e-Waybill, TDS and ITR filing software that keeps pace with frequent regulatory changes.

Uses data science to identify patterns and guide customers toward better financial decisions across its product suite.

Clear has expanded its product suite through five acquisitions (Dose FM 2019, Karvy's GST business 2020, yBANQ 2021, Xpedize and CimplyFive 2022) to add mobile, payments, supply-chain finance and compliance capabilities.

Clear describes itself as having built India's first and largest financial cloud platform underpinning its products.

Regulatory license from the Association of Mutual Funds in India enabling Clear's Black mutual-fund distribution business line.

Clear was the first India-focused startup accelerated and seed-funded by Y Combinator (S14 batch, 2014).

Global payments company Stripe both invested in Clear's Series C round and is described as a partner as Clear builds out payments infrastructure.

Regulatory body that licensed Clear as a mutual fund distributor, enabling its Black investment product.

The dominant revenue line — subscription/support fees for GST, e-invoicing, TDS and other compliance software.

Additional revenue from platform fees and technical services layered on top of the core software subscriptions.

Clear holds an AMFI mutual fund distributor license and earns commission for facilitating mutual fund purchase/sale via its Black app.

Revenue from taxation and corporate secretarial compliance services alongside core software sales.

The largest cost line across recent fiscal years — 73% of FY23 total expenditure, including ESOP costs.

Cloud infrastructure and software support costs underpinning the platform.

Marketing and promotion spend to acquire and retain customers.

Overheads including legal/professional fees among other costs contributing to total expenditure.