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    ASHUTOSH KUMAR SINGH
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    This document provides details about the Indian fintech startup ClearTax. It discusses that ClearTax started in 2011 as an online income tax filing platform for individuals but has since diversified to also serve professionals and enterprises. ClearTax provides solutions for income tax filing, GST, and mutual fund investments. As of the document's writing, ClearTax had received a total of $65.3 million in funding from investors including Scott Banister, Max Levchin, and Sumon Sadhu. The founders of ClearTax are Archit Gupta, Ankit Solanki, and Srivatsan Chari and it is headquartered in Bangalore, India.

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    This document provides details about the Indian fintech startup ClearTax. It discusses that ClearTax started in 2011 as an online income tax filing platform for individuals but has since diversified to also serve professionals and enterprises. ClearTax provides solutions for income tax filing, GST, and mutual fund investments. As of the document's writing, ClearTax had received a total of $65.3 million in funding from investors including Scott Banister, Max Levchin, and Sumon Sadhu. The founders of ClearTax are Archit Gupta, Ankit Solanki, and Srivatsan Chari and it is headquartered in Bangalore, India.

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    © All Rights Reserved
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    82 views3 pages

    Script For Video Presentation 1

    Uploaded by

    ASHUTOSH KUMAR SINGH
    This document provides details about the Indian fintech startup ClearTax. It discusses that ClearTax started in 2011 as an online income tax filing platform for individuals but has since diversified to also serve professionals and enterprises. ClearTax provides solutions for income tax filing, GST, and mutual fund investments. As of the document's writing, ClearTax had received a total of $65.3 million in funding from investors including Scott Banister, Max Levchin, and Sumon Sadhu. The founders of ClearTax are Archit Gupta, Ankit Solanki, and Srivatsan Chari and it is headquartered in Bangalore, India.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 3

    Research on the most successful fintech start-ups in India/ Abroad and prepare in detail

    about any one of them in detail.

    1. What they do
    2. Launch year
    3. Category to which they belong
    4. Total funding till date
    5. Key investors
    6. Founders
    7. Headquarters

    slide 2
    Clear Tax!

    1. What they do

    - They simplify finances, save money and time for millions of Indian businesses and
    people. Though ClearTax started as an online income tax filing platform for individuals, it
    diversified to cater to professionals and enterprises.

    2. Launch year

    -2011

    3. Category to which they belong

    -  It is a fintech platform providing solutions for Income Tax filing, GST and Mutual Fund
    Investments. 

    4. Total funding till date

    - $65.3M

    5. Key Investors

    a) Scott Banister

    b) Max Levchin

    c) Sumon Sadhu

    6. Founders

    a) Archit Gupta: Founder & Chief Executive Officer

    b) Ankit Solanki: Co-Founder & Chief Technology Officer

    c) Srivatsan Chari: Co-Founder & Head of Product

    7. Headquarters : Bangalore, Karnataka, India


    How is Fintech Changing the world?-slide 1
    a) what is fintech?
    - Short for financial+technology
    -It includes huge range of products, technologies, and business models that are
    changing the financial services industry at a great pace.
    -It refers to everything from cashless payments, to crowdfunding platforms, to robo-
    advisors, to virtual currencies.
    - So, when anytime you donate to someone’s campaign by online mode, that’s Fintech;
    or if you transfer money to someone using phonepe, gpay etc., that’s also fintech.

    b) How is it changing the world at a huge scale?


    -These days, hundreds of companies are trying to disrupt the banking and finance
    industries by changing/modifying the way we pay and borrow money. And investors are
    buying it.

    -Yet it dropped from 2020 onwards due to global pandemic situation.(graph attached)
    -Still, its making efforts, and startups, and lending firms are also establishing themselves
    in this sector, thereby receiving majority of funds, from funding institutions.
    -Its not just startups, that are getting into fintech, some of the world’s biggest companies
    from Apple to Alibaba are going big on it too like Alipay, or Apple Pay.
    -Its happening because, consumers are adapting to fintech quite fast.
    -Also, one out of every three people across various economies report using at least two
    fintech services in the last 6 months.
    -Like, we can see this in case of China and India who are leading the way with more
    than half of consumers are using services like money transfers, financial planning,
    borrowing and lending and insurance.

    -In fact, its estimated that nearly 2million people worldwide are without bank accounts.
    But, now, thanks to FINTECH, all you need is your phone to take out a loan or insurance
    or pay out for your monthly bills, expenditures, taxes. Ex- ClearTax. About which I shall
    speak in a bit of detail in my next slide.
    In conclusion, I would like to say that FinTech has the potential to reshape the financial
    services and financial inclusion landscape in India in fundamental ways. It can reduce
    costs and improve access and quality of financial services. We have to strike a subtle
    balance between effectively utilising FinTech while minimising its systemic impacts. By
    enabling technologies and managing risks, we can help create a new financial system
    which is more inclusive, cost-effective and resilient.
    Thankyou.

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