Products
Instant business loans at competitive rates
Collateral-free and with zero paperwork
Flexible tenures. Zero prepayment charges
Easy to use. No buyer company involvement
We take the privacy of your data very seriously. Right from data transmission to storage, we ensure top-end encryption and the strictest privacy protocols.
Onboarding to Disbursement within 48 hours. Subsequent transactions in 4 hrs.
Up to 90 days of credit on each invoice to fulfil most credit requirements
Sales invoices imported from GST portal minimising errors
Pay interest only for the actual number of days that you avail the credit for
Clear Finance is the latest financial services offering from Clear, the makers of Cleartax. We are eager to replicate our success in simplifying tax and compliance to the financial services sector, in short “simplify finance”. We are focused on creating customer-first products that reimagine what is possible and simplify financial services, to help supply-side partners manage their funnel exposure smartly and as per need.
The Clear Invoice Financing product was launched to solve the working capital challenge that companies face when they are part of large supply chains. Clear has been helping vendors get paid early on their verified sales to large corporations, much before the actual due date of the invoice. Our Invoice Discounting programme is already accessed by over 10,000 vendors, who use it to manage their working capital.
The Invoice Financing programme enables vendors to access collateral-free capital when they need it most. This will help vendors access capital when their receivables are otherwise blocked in complex payment cycles of their buyers. Same-day disbursements ensure vendors can optimise their working capital in an easy and quick manner.
We saw an exceptional increase in efficiency of 800% after subscribing to the Clear Invoicing solution. We are extremely happy as Clear simplified our business operations! We now enjoy automated invoicing across our customer and supplier journey. It has directly impacted our unit economics by eliminating all manual invoicing processes.
We at Somany Ceramics deal with a very large vendor base and running an invoice discounting program at scale is a big challenge and requires a lot of paper trail. Clear ID platform digitized our entire flow, their platform's seamless banking connectivity ensured that there are no manual movement of files. Now we run a multi-bank large-sized invoice discounting platform without any operational risk and the program is extended to all our vendor base. We would recommend Clear's solution to other Treasury and Finance teams for digitizing their supply chain financing processes
Not only have we significantly increased our returns and reflected them in our EBITDA, we have also increased business efficiency with the platform seamlessly integrating with our ERP & supplier requests being received digitally. All approvals done on the platform has made excel based working completely redundant.
We are extremely happy to have partnered with Clear on this supplier financing platform. The way they have worked seamlessly with our IT and finance team to ensure that our system integrates seamlessly with their platform is commendable. It is a win-win situation for the suppliers as well as the company.
Teaming-up with Clear Invoice Discounting has been a great experience. They have always delivered more than our expectations, the team has a great understating of Business nuances and ERP Integration, especially in a steadfast environment of SAP.
Not only have we significantly increased our returns and reflected them in our EBITDA, we have also increased business efficiency with the platform seamlessly integrating with our ERP & supplier requests being received digitally. All approvals done on the platform has made excel based working completely redundant.
Our suppliers are very excited as this gives them an additional source of funding at the click of a button along with clear visibility on the date of receipt of money in their bank account. Xpedize has helped us achieve significant savings in the last one year. I would like to recommend this solution to all my peers in the industry.
Teaming-up with Clear Invoice Discounting has been a great experience. They have always delivered more than our expectations, the team has a great understating of Business nuances and ERP Integration, especially in a steadfast environment of SAP.
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The Invoice Financing program is run by Clear Finance in partnership with our financing partners, e.g., Bajaj Finance. The credit limit will be assigned directly by the financiers, e.g., Bajaj Finance.
Sole proprietary, with GST history of at least 2 years, and 12 months of sales history against a buyer with a turnover of ₹ 100 Crores+.
We would require promoter details along with company details, GST details, and account details via Account aggregators.
No. If an invoice is already funded, it can’t be funded again via this program.
There are no pre-payment penalties. You have to pay interest only for the days you have availed credit for.
No. The party availing credit is responsible for repayment as well.
Collection on the due date will be done via an e-mandate triggered by the financial partner on your primary account. You have the option to prepay as well directly to the financial partner via net banking before the due date.
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