Fintech startup Clear raises $75 mn in funding at valuation of $700-800 mn

Company says its SaaS platform has grown 5x in the past 18 months

Fintech startup Clear (formerly called ClearTax) has raised $75 million in its Series C round led by Kora Capital, alongside global fintech Stripe, Alua Capital, Think Investments and existing investors, the company said on Sunday. According to a source close to the company, the funding happened at a valuation range of $700-800 million. Clear declined to comment on the same.

Its proprietary platform ClearTax, which facilitates the filing of both income tax and GST returns, is currently used by one million small businesses, 3,000 large enterprises and over 50,000 tax professionals. The company aims to serve over 10,000 large enterprises