About Clari5
Clari5 is a company based in Bengaluru (India) founded in 2006 by Rivi Varghese, Aditya Lal, Balaji Suryanarayana, and Sandhya Aditya was acquired by Perfios in February 2025.. Clari5 has raised $3.99 million across 5 funding rounds from investors including Perfios, Ashutosh Vaidya and MandS Partners. The company has 226 employees as of April 05, 2024. Clari5 offers products and services including Enterprise Fraud Management, Anti-Money Laundering, Customer Experience Management, Clari5 Graph Intelligence, and Payments Fraud Reporting. Clari5 operates in a competitive market with competitors including Quantexa, ComplyAdvantage, Riskified, Alloy and Signifyd, among others.
- Headquarter Bengaluru, India
- Employees 226 as on 05 Apr, 2024
- Founders Rivi Varghese, Aditya Lal, Balaji Suryanarayana, Sandhya Aditya
- Stage Minicorn
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Sectors
Industrial Goods & ManufacturingFinancial Services Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Customerxps Software Private Limited
- Date of Incorporation 29 Dec, 2006
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$7.74 M (USD)14.39as on Mar 31, 2023
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Net Profit
$-1.05 M (USD)-3857.58as on Mar 31, 2023
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EBITDA
$-856.9 K (USD)-305.47as on Mar 31, 2023
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Total Equity Funding
$3.99 M (USD)
in 5 rounds
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Latest Funding Round
$73.6 K (USD), Angel Round
Jan 30, 2017
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Investors
Perfios
& 7 more
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Employee Count
226
as on Apr 05, 2024
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Acquired by
Perfios
(Feb 07, 2025)
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Products & Services of Clari5
Clari5 offers a comprehensive portfolio of products and services, including Enterprise Fraud Management, Anti-Money Laundering, Customer Experience Management, Clari5 Graph Intelligence, and Payments Fraud Reporting. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Real-time system to detect and prevent banking fraud
Automates compliance with global AML programs
Provides real-time insights for banking cross-sell
Analyzes transactions for fraud and risk patterns
Monitors and reports on payment fraud incidents
Funding Insights of Clari5
Clari5 has successfully raised a total of $3.99M across 5 strategic funding rounds. The most recent funding activity was a Angel Round round of $73.6 thousand completed in January 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Angel Round — $73,600
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First Round
First Round
(03 May 2011)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2017 | Amount | Angel Round - Clari5 | Valuation | Ashutosh Vaidya |
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| Jul, 2015 | Amount | Series A - Clari5 | Valuation | MandS Partners |
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| Jan, 2014 | Amount | Series A - Clari5 | Valuation | JAFCO Asia |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Clari5
Clari5 has secured backing from 8 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Perfios, Ashutosh Vaidya and MandS Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm that invests in private equity and early-stage companies
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Founded Year | Domain | Location | |
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Investments in early-stage tech startups are made by JAFCO Asia.
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Founded Year | Domain | Location | |
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Provides financial technology solutions for data analysis and verification globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Clari5
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Clari5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Clari5 Comparisons
Competitors of Clari5
Clari5 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Quantexa, ComplyAdvantage, Riskified, Alloy and Signifyd, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered data and decision intelligence solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based anti-money laundering solutions are provided for compliance.
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| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
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| domain | founded_year | HQ Location |
Identity decisioning platform is provided for banks and fintech firms.
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| domain | founded_year | HQ Location |
Provider of fraud prevention and payment validation for online retailers
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| domain | founded_year | HQ Location |
Cloud-based big data and fraud prevention solutions are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Clari5
Frequently Asked Questions about Clari5
When was Clari5 founded?
Clari5 was founded in 2006 and raised its 1st funding round 5 years after it was founded.
Where is Clari5 located?
Clari5 is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Clari5?
Rivi Varghese is the current CEO of Clari5. They have also founded this company.
Is Clari5 a funded company?
Clari5 is a funded company, having raised a total of $3.99M across 5 funding rounds to date. The company's 1st funding round was a Series A of $381.2K, raised on May 03, 2011.
How many employees does Clari5 have?
As of Apr 05, 2024, the latest employee count at Clari5 is 226.
What is the annual revenue of Clari5?
Annual revenue of Clari5 is $7.74M as on Mar 31, 2023.
What does Clari5 do?
Clari5 was founded in 2006 in Bengaluru, India, within the banking technology sector. A range of solutions is offered to global banks, including enterprise fraud management, anti-money laundering, customer due diligence, identity resolution, and payment fraud reporting. Operations focus on proactive fraud detection and prevention, with services extending to loan origination, trade monitoring, and customer experience management.
Who are the top competitors of Clari5?
Clari5's top competitors include ComplyAdvantage, Riskified and Quantexa.
What products or services does Clari5 offer?
Clari5 offers Enterprise Fraud Management, Anti-Money Laundering, Customer Experience Management, Clari5 Graph Intelligence, and Payments Fraud Reporting.
Who are Clari5's investors?
Clari5 has 8 investors. Key investors include Perfios, Ashutosh Vaidya, MandS Partners, JAFCO Asia, and Sharad Hegde.
What is Clari5's valuation?
The valuation of Clari5 is $18.22M as of Jan 2017.