What Does Clear (ClearTax) Do?

    Learn about what Clear (formerly ClearTax) does, their fintech SaaS solutions, market focus, and main competitors in the Indian fintech space.

    What Does Clear (ClearTax) Do?

    Name: Clear

    Headquarters: Bengaluru, Karnataka, India

    Employees: 501-1000

    Clear is a fintech SaaS platform based in India that provides technology solutions for invoicing, taxes, wealth management, and credit. Clear aims to simplify finances and save time for millions of Indian businesses and individuals by offering trusted, insightful, and user-friendly platforms to manage their finances.

    Founded in 2011 by Srivatsan Chari, Archit Gupta, and Ankit Solanki, Clear started as a tax filing platform and has since expanded into a comprehensive suite covering invoice management, GST compliance, wealth tracking, and credit products. Their technology automates complex financial workflows, making it easier for users to navigate tax regulations, manage business finances, and access financial services digitally.

    What technology powers Clear’s platform?

    Clear leverages cloud-based SaaS architecture to deliver scalable financial tools and integrations for both individuals and businesses. Their platform offers:

    • Automated GST and income tax filing
    • Invoice generation and reconciliation
    • Wealth and investment tracking dashboards
    • Digital credit access for businesses

    By integrating with banking, enterprise resource planning (ERP), and government systems such as India’s GST Network, Clear reduces manual work, increases accuracy, and helps businesses stay compliant with evolving financial regulations.

    Who uses Clear’s products?

    Clear primarily serves small and medium-sized enterprises (SMEs), startups, accountants, and individual taxpayers across India. Their solutions are designed for:

    • Businesses needing simplified GST and tax compliance
    • Accountants managing multiple client portfolios
    • Individuals seeking to file taxes and track investments
    • Companies looking for digital credit and lending solutions

    Their platform is widely adopted by Indian enterprises looking to digitize finance operations and ensure compliance with local laws.

    Who are Clear’s main competitors?

    Clear operates in the fast-growing Indian fintech SaaS landscape, facing competition from several other technology-driven financial service providers:

    • Zeta: Known for digital banking and payment solutions
    • Perfios: Specializes in real-time credit decisioning and analytics
    • IDfy: Focuses on fraud detection and KYC compliance
    • Riskcovry: Offers insurance distribution technology
    • Credgenics: Provides digital debt resolution solutions
    • Finverv: Enables embedded credit through SaaS
    • Enfusion: Delivers risk monitoring and workflow management
    • M2P Fintech: Supplies core banking and payment APIs
    • Mintoak: SaaS platform for merchant services

    These companies, like Clear, are focused on digitizing finance and compliance for Indian and regional markets, each with their own area of specialization.

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