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Fintech Startup Clear Raises $75 Million in Funding at Valuation of Over $700 Million
Summary: Fintech startup Clear 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 said its SaaS platform ...
Fintech startup Clear 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 said its SaaS platform has witnessed a 5x growth in the last 18 months adding more than 3,000 large enterprise customers. It also saw a surge in usage with over 1 million small businesses on the platform. Archit Gupta, founder and CEO of Clear, said the company’s revenue doubled in FY21 over the previous financial year and is set to double again in FY22.
By Amy Liu
Tags: Clear,Fintech,Funding
Link: Fintech Startup Clear Raises $75 Million in Funding at Valuation of Over $700 Million [Copy]
