Fintech Startup ‘ClearTax’ To Spend Up To Rs 100 Crore On Two New Apps

ClearTax, a Tax solutions provider, says it will spend up to Rs 100 crore this year on launching two new apps- ‘ClearTax Black’ and ‘ClearTax Pro’.

Aimed at millennials and tax professionals, the startup expects the two new apps to hit a million downloads in the next six months.

Started by Archit Gupta, Srivatsan Chari, and Ankit Solanki, ClearTax is a fintech startup, helping individuals, tax practitioners and businesses master taxes and save money and time through hassle-free filings.

Talking about the apps, Archit Gupta, Founder and CEO of ClearTax, said,

“The (ClearTax Black) app will offer basic guidelines to those who are new to investing and will also help seasoned investors who need deep insights about their investments.”

Archit added,

“With the launch of Black and Pro mobile apps, we are now bringing simplicity to wealth creation, ease of doing taxes and finance for every Indian on their mobiles.”

The fintech startup said it processed more than $250 billion worth of GST invoices in FY 2020 and has more than 1,500 enterprises as its customers.

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