M&A

M&A

Fintech startup Clear acquires supply chain tech platform Xpedize for Rs.100-Cr

Press Release   YourStory  

Bengaluru-based fintech SaaS startup Clear (formerly ClearTax) has acquired Gurugram-based supply chain finance company Xpedize in a bid to strengthen its offerings for SMEs and MSMEs. The deal size is estimated at INR 100 crore, mostly in cash. Post deal, Clear will leverage its 3,000-plus enterprise customer base to offer SMEs cash flow-based loans via tech and using Xpedize's expertise in the space. Xpedize will be rebranded as Clear Invoice Discounting and will look at processing INR 1,000 crore in gross merchandise value (GMV) by the end of FY22.