Kora Capital-backed Clear completed the acquisition of Xpedize for $13m.

Kora Capital-backed Clear, a fintech SaaS company, completed the acquisition of Xpedize, a supply chain financing technology firm, for $13m. “Indian businesses need access to faster payments and efficient financing. While consumer payments have become real-time thanks to UPI, we believe much can be done for the suppliers to larger companies. This acquisition speeds up our journey towards enabling these two lifelines for Indian businesses. Xpedize platform is already running with multiple large enterprises and allows them to pay their suppliers faster. We believe that a separate vertical within Clear will encompass all our technology-enabled financial services and help us quickly scale to serve millions of suppliers,” Archit Gupta, Clear Founder and CEO.