Clear is all set for expansion in the rest of the five GCC countries

Clear, a fintech SaaS firm online taxation and fintech software provider, is all set for a rapid expansion in the rest of the five GCC countries starting with UAE, Bahrain, Oman, Qatar and Kuwait. The firm has already onboarded 200+ large enterprise customers to drive this expansion in the Middle East. Some of its marquee customers are large conglomerates with 20+ group companies and thousands of retail outlets.

Countries in the Middle East, starting with the Kingdom of Saudi Arabia (KSA), are at the cusp of massive digital reforms. As part of Vision 2030 envisioned by Crown Prince Mohammed bin Salman, the government is launching various digital-first initiatives that will transform the Kingdom. Under his regime, organisations have become more inclined to adopt newer technology.

Clear started its operations in KSA following its $75 million fundraise last year, by launching invoicing and taxation products for medium to large enterprises. The cloud-based e-invoicing product has a scalability of millions of transactions per day, 99.9% uptime and API infrastructure-based connectivity to multiple billing platforms and ERPs.

The fintech firm directed a significant amount of its investment to localisation of the product suite, including Arabic language support, cloud infrastructure setup inside the Kingdom and customisation of the product as per local business needs. The company has also invested heavily in brand-building.