Clear acquires supply chain financing tech firm Xpedize for undisclosed sum

Deal will help the acquirer quickly scale and lead the invoice discounting space

Clear (formerly ClearTax), a fintech SaaS company, said on Wednesday that it has acquired supply chain financing technology firm Xpedize. This is Clear’s second acquisition after taking over B2B payments platform Ybanq, a release issued by the company said.

The release added that the deal, whose value was not disclosed, would speed up Clear's planned entry into SME credit and B2B payments.

The Xpedize platform, which will now be rebranded as Clear Invoice Discounting, delivers access to instant working capital and liquidity to suppliers. It is expected to process an annualised gross merchandise value (GMV) of Rs 1,000 crore by FY22-end.