Product
In his new role, Gowri will be responsible for expanding products that fulfill compliance and other financial needs of enterprises
Fintech SaaS firm Clear (from the makers of ClearTax) announced the appointment of Gowri Shankar Nagarajan as its new EVP - Enterprise Business in a bid to expand its enterprise solutions portfolio.
In this new role, Gowri will be responsible for expanding financial products that fulfill compliance and other financial needs of enterprises.
An IIM-Bangalore gold medalist, he brings over 15 years of experience across senior and pivotal roles at startups: Medlife, InMobi and McKinsey. He also co-founded Roofandfloor, an online real estate startup.
“Clear wants to build India’s largest B2B business network. After consolidating dominance in the compliance space, we are now diversifying into invoices, payments and credit for millions of businesses. Nagarajan’s product, business, and growth expertise will be immensely valuable for us in this mission,” said Archit Gupta, CEO, Clear.
“I’m looking forward to building and growing a network that connects vendors, customers, distributors, and accountants on a single platform,” said Gowri Shankar.
India’s tax digitization wave combined with tighter government norms such as GST, e-invoicing and TDS has consolidated Clear’s dominance in the compliance space.
Clear has now diversified to make software for invoices, payments and credit, for millions of businesses, their supply chains, accountants and employees. It is building a single platform to connect Clear’s customers with their business partners - vendors, customers, distributors, accountants. Through this network, Clear will solve for use cases across procurement, invoicing, payments, and collections. Gowri Shankar will lead this business.
Recently, Clear launched MaxITC to help businesses manage input tax credit claims. It also launched ClearPro for tax professionals to deliver timely GST compliance for its clients.
Currently, Clear caters to over 3,000 of India’s biggest brands and corporations. It processes about 10% of India’s B2B invoices with over $300 billion in trade value every year and more than 10% of India’s overall income tax returns. Last year, the FinTech firm saved over ₹1,000 crores for more than 4 lakh businesses.
About Clear
Clear is India’s leading Fintech SaaS company with the mission of simplifying finances for Indian businesses and individuals. We are trusted by over 5 million Indian Taxpayers, more than 1,00,000 tax practitioners, 600,000 small businesses and 2,000 large businesses and brands. For small and large businesses, our product suite covers invoicing, GST, range of managed services and credit. For tax professionals, we offer comprehensive GST compliance, ITR and TDS filing solutions. For individuals, we offer tax compliance and wealth management. Clear has raised $65 Million in equity capital investment since its inception. The company was incubated in Y Combinator and is funded by Silicon Valley investors, including PayPal co-founders Peter Thiel’s Founders Fund, Max Levchin, and Scott Banister. Clear’s investors include Composite Capital, Sequoia Capital, and SAIF Partners. Please visit – Twitter, Instagram, LinkedIn, Facebook and YouTube for latest updates on Clear
