Xpedize
Invoice discounting and financing.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
* | $13.1m Valuation: $13.1m | Acquisition | |
| Total Funding | 000k | ||
Xpedize, founded in Gurugram, India in 2017 by former Citibank executives Deepak Gugnani and Regan Mithani, operates a SaaS-based platform focused on supply chain finance. The company was established to address working capital challenges by connecting suppliers, corporate buyers, and financiers in a digital marketplace. This B2B platform enables suppliers to receive early payments on their invoices by offering discounts, thereby optimizing cash flow for all parties involved.
The core of Xpedize's offering is its dynamic discounting software. This technology facilitates a marketplace where suppliers can get their invoices paid ahead of schedule at a mutually agreeable discount rate with their corporate buyers. The platform uses an AI/ML-based engine to connect with client ERP systems, which allows enterprises to manage supplier payments digitally and deploy their own treasury cash or utilize credit lines from banks and other financial institutions. For suppliers, this provides immediate access to working capital and liquidity, while buyers can earn a yield on their surplus cash. The platform is designed to enhance compliance through a built-in audit trail mechanism and improve overall supplier relationships.
After its inception, Xpedize achieved key milestones, including onboarding its first corporate clients in November 2018 and reaching a user base of 10,000 suppliers by June 2020. The company secured a total of $2.25 million in funding over four seed rounds, with investors including YourNest and HDFC Capital. In a significant development in March 2022, Xpedize was acquired by Clear (formerly ClearTax), a major fintech SaaS company in India, for an estimated Rs 100 crore. Following the acquisition, the Xpedize platform was rebranded as Clear Invoice Discounting, and its team was integrated into Clear to continue developing the invoice discounting product and expand its reach to Clear's extensive customer network of enterprises and SMEs.
Keywords: supply chain finance, dynamic discounting, invoice discounting, working capital management, B2B payments, fintech, SaaS, trade finance, accounts payable automation, early payment program, supplier financing, corporate treasury, liquidity management, procure-to-pay, financial technology, enterprise software, receivable financing, SME financing, cash flow optimization, vendor payments