Stripe’s investment in Clear comes just days after the US-based fintech made its first acquisition in India, acquiring Bengaluru-based reconciliation software provider, Recko. Clear plans to use the funds to expand its offerings for business customers as it looks to introduce products for payments and invoice-based discounting. The company will also look to set its foot in international geographies including Saudi Arabia, the UAE and Western Europe. The current fundraise values Clear at around $700 million, a person aware of the talks told Mint on condition of anonymity. Clear looks to also scale its presence across 10,000 enterprises and 10 million customers over the next two years.

Source: Mint October 24, 2021 18:35 UTC