About Clari5
Clari5 is an Industrial Goods & Manufacturing company based in Bengaluru (India) founded in 2006 by Rivi Varghese, Aditya Lal, Balaji Suryanarayana, and Sandhya Aditya, and was acquired by Perfios in February 2025. Financial crime management solutions for banks are provided. It operates in the Industrial Goods & Manufacturing, Financial Services, and Technology sectors. Clari5 has raised $3.99 million across 5 funding rounds from investors including Perfios, Ashutosh Vaidya and MandS Partners. The company has 226 employees. Clari5 was last valued at $18.22 million in January 2017. Its chief executive, as recorded, is Rivi Varghese. Its website clari5.com draws about 10 thousand monthly visits. Its Indian entity Customerxps Software Private Limited reported revenue of ₹126 Cr. Clari5 offers products and services including Enterprise Fraud Management, Anti-Money Laundering, Customer Experience Management, Clari5 Graph Intelligence, and Payments Fraud Reporting. Its focus areas include Enterprise Infrastructure, Cybersecurity, Anti Fraud and Financial Fraud.
Company details
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.
- Headquarters Bengaluru, India
- Employees 226
- Founders Rivi Varghese, Aditya Lal, Balaji Suryanarayana, Sandhya Aditya
- Stage Acquired
- SectorsIndustrial Goods & ManufacturingFinancial Services Technology
- Email••••••••
- Phone•••• ••••
- Website clari5.com
- Social LinkedIn X Facebook YouTube
- Acquired by Perfios (Feb 2025)
- Legal Name Customerxps Software Private Limited
- Date of Incorporation 29 Dec, 2006
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Clari5
Clari5 operates through Customerxps Software Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Customerxps Software Private Limited CIN U72200KA2006PTC041328 | Active | 29 Dec 2006 | Bangalore, Karnataka | ₹126 Cr | 226 | 4 | View details |
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.
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
Apps and channels of Clari5
its YouTube channel Clari5 has 78 subscribers and 27 videos.
Videos from Clari5
The most watched videos on Clari5's YouTube channel, Clari5 (78 subscribers). Click a video to play it here.
More on Clari5.
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 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 $3.99M
- Total Rounds 5
- Last Round Angel Round — $73,600
- First Round $33,400
(May 2011)
- Investors Count 7
All 5 funding rounds of Clari5 with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2017 | $73,600 | Angel Round | $18.22M | Ashutosh Vaidya | – |
| Jul 2015 | $300,500 | Series A | $19.39M | MandS Partners | – |
| Jan 2014 | $381,200 | Series A | $••••• | JAFCO Asia | – |
| Jun 2011 | $3.2M | Series A | $••••• | JAFCO Asia | |
| May 2011 | $33,400 | Angel Round | $••••• | Sharad Hegde |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2017 | $18.22M | •••••••• |
| Jul 2015 | $19.39M | •••••••• |
| Jan 2014 | $••••• | •••••••• |
| Jun 2011 | $••••• | •••••••• |
Full valuation and stage history of Clari5
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $18.22M (Jan 2017). 8 investors in total: 3 institutional and 5 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm that invests in private equity and early-stage companies | mandspartners.tcc.mode | Singapore, Singapore | ||
Investments in early-stage tech startups are made by JAFCO Asia. | jafcoasia.com | Singapore, Singapore | ||
Provides financial technology solutions for data analysis and verification globally. | 2008 | perfios.com | Bengaluru, India | |
AV Ashutosh Vaidya | Angel investor, ex-Wipro, focusing on early-stage Indian startups | unknown_62f213f8ad564d549 | ||
SH Sharad Hegde | Angel investor and tech entrepreneur, co-founder of The Good Glamm Group. | unknown_2e038283761346149 | ||
AH Anuradha Hegde | unknown_10841f4c142544eb8 | |||
AH Ashwin Hegde | unknown_91f88c5c72d44f76b | |||
SH Sachin Hegde | unknown_01c3ef57d8d54a03a |
Investor details for Clari5
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Customerxps Software Private Limited (Clari5)
Customerxps Software Private Limited is the primary company behind Clari5. The board of Customerxps Software Private Limited currently have 4 directors; the longest-serving is Rivi Varghese, appointed in 2021. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rivi Varghese DIN 00583999 | Director | 12 Apr 2021 | 5 yrs 6 mo | Customerxps Software Private Limited |
| Ramya Balaji DIN 10642486 | Additional Director | 28 Jun 2024 | 2 yrs 3 mo | Customerxps Software Private Limited |
| Vijay Yeliathayaharish DIN 10946910 | Director | 17 Feb 2025 | 1 yr 8 mo | Customerxps Software Private Limited |
| Vinay Sathyanarayan DIN 10946916 | Director | 17 Feb 2025 | 1 yr 8 mo | Customerxps Software Private Limited |
People of Clari5
4 people are tracked at Clari5 (4 in leadership); the tracked headcount is 226.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & CTO | Leadership | |
| Co-Founder & COO | Leadership | |
Sandhya Aditya | Co-Founder & CFO | Leadership |
Complete people profiles for Clari5
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Clari5
Figures of Customerxps Software Private Limited, the primary company behind Clari5, for FY 2025. Revenue was ₹126 Cr (+65% year on year). Net profit was ₹18.55 Cr (15% margin). EBITDA was ₹33.81 Cr (27% margin). Revenue has grown at a compounded annual rate of +31% over three years and +23% over five years.
- ₹126 CrRevenue · FY 2025 · +65% YoY
- ₹18.55 CrNet profit · 15% margin
- ₹33.81 CrEBITDA · 27% margin
- ₹7.25 CrPaid-up capital
- 226Employees (provident fund records)
- +31%Revenue CAGR, 3 years
- +23%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Customerxps Software Private Limited are on its company page.
Detailed financial statements for Clari5
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Clari5
5 dated milestones of Clari5 across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Clari5 is founded.
- Funding First funding round of $33K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $74K.
- Exit Acquired by Perfios.
Web traffic of Clari5
The website of Clari5 (clari5.com) receives about 10.4K visits a month.
- Monthly visits10.4K
▼ 54.4% vs previous month
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Clari5
Complete news archive for Clari5
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Clari5
Clari5 was founded in 2006 and raised its 1st funding round 5 years after it was founded.
Clari5 is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Rivi Varghese is the CEO of Clari5, as recorded in our data. They have also founded this 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 Angel Round of $33.4K, raised on May 2011.
Clari5 has 226 employees.
The primary company behind Clari5, Customerxps Software Private Limited, reported revenue of ₹126 Cr for FY 2025, up 65% year on year.
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.
Clari5 offers Enterprise Fraud Management, Anti-Money Laundering, Customer Experience Management, Clari5 Graph Intelligence, and Payments Fraud Reporting.
Clari5 has 8 investors. Key investors include Perfios, Ashutosh Vaidya, MandS Partners, JAFCO Asia, and Sharad Hegde.
The valuation of Clari5 is $18.22M as of Jan 2017.
Clari5 operates through Customerxps Software Private Limited.
Yes. Clari5 was acquired by Perfios in February 2025.