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Robinhood, Coinbase Product Leaders Invest In Stripe-Backed Clear

Robinhood, Coinbase Product Leaders Invest In Stripe-Backed Clear

01/13/22, 12:04 AM
Industry
transportation
software
Global product leaders—including Robinhood’s CPO Aparna Chennapragada, Coinbase’s CPO Sorojit Chatterjee, and former Coinbase and Andreessen Horowitz executive Balaji Srinivasan—have invested in fintech software startup, Clear (formerly ClearTax).

Company Info

Company
Clear
Additional Info
Archit Gupta, cofounder and CEO of Clear, said the company will use newly raised capital to accelerate its expansion into business-to-business (B2B) credit and payments and grow its business in international markets such as Europe, Middle East and Africa (EMEA).“Having The company offers solutions like GST and e-way bill software, along with business incorporation and compliance services for enterprises. “We expect it (revenue) to reach $45 million over the next 24 months and within the next 18 months, the company is likely to turn profitable,” Gupta said. In total, the 10-year-old startup has now raised around $140 million. Both Clear and Stripe are alumni of Silicon Valley’s storied startup accelerator Y Combinator. Founded in 2011 by Gupta, Srivatsan Chari and Ankit Solanki, Clear is among the first set of Indian startups to be funded by Y Combinator.