About McLEAR
McLEAR is a company based in Bradford (United Kingdom) founded in 2012 by John McLear and Chris. It operates as a D2C, and B2B. McLEAR has raised $93 thousand across 2 funding rounds from investors including Kickstarter and MTG. The company has 11 employees as of June 30, 2021. McLEAR offers products and services including RingPay Ring and RingPay App. McLEAR operates in a competitive market with competitors including K Ring, NFC Ring, bPay, Kiroco Technology and K-pay, among others.
- Headquarter Bradford, United Kingdom
- Employees 11 as on 30 Jun, 2021
- Founders John McLear, Chris
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Mclear Limited
- Date of Incorporation 27 Nov, 2012
- Jurisdiction RICHMOND, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$93 K (USD)
in 2 rounds
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Latest Funding Round
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Investors
Kickstarter
& 1 more
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Employee Count
11
as on Jun 30, 2021
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Products & Services of McLEAR
McLEAR offers a comprehensive portfolio of products and services, including RingPay Ring and RingPay App. 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.
Smart ring for secure contactless payments and expense tracking.
Mobile application for connecting cards and managing ring transactions.
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Funding Insights of McLEAR
McLEAR has successfully raised a total of $93K across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(31 Oct 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series A - McLEAR | Valuation | MTG |
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| Oct, 2015 | Amount | Seed - McLEAR | Valuation | Kickstarter |
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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 McLEAR
McLEAR has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Kickstarter and MTG. 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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MTG is engaged in developing beauty and wellness products.
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Founded Year | Domain | Location | |
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Creative projects are crowdfunded via a cloud-based platform.
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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 McLEAR
| 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 - McLEAR
| 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 |
Mclear Comparisons
Competitors of McLEAR
McLEAR 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 K Ring, NFC Ring, bPay, Kiroco Technology and K-pay, 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 |
Contactless payment rings
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| domain | founded_year | HQ Location |
Provides an NFC smart ring for secure authentication purposes.
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| domain | founded_year | HQ Location |
Provides contactless payment bands and accessories for secure transactions.
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| domain | founded_year | HQ Location |
Develops NFC wearables for payments, authentication, and healthcare applications.
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| domain | founded_year | HQ Location |
Offers wearable jewellery for quick, secure contactless payments via app integration.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Mclear
Frequently Asked Questions about McLEAR
When was McLEAR founded?
McLEAR was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is McLEAR located?
McLEAR is headquartered in Bradford, United Kingdom. It is registered at Bradford, West Yorkshire, United Kingdom.
Is McLEAR a funded company?
McLEAR is a funded company, having raised a total of $93K across 2 funding rounds to date. The company's 1st funding round was a Seed of $93K, raised on Oct 31, 2015.
How many employees does McLEAR have?
As of Jun 30, 2021, the latest employee count at McLEAR is 11.
What does McLEAR do?
McLEAR Limited designs smart rings that enable contactless payments by linking to debit or credit cards through the RingPay app. The company, based in Maidenhead, United Kingdom, partners with Visa and Thales to provide secure transactions and features like expense tracking and ring deactivation. It serves consumers directly via online sales and offers hypoallergenic, waterproof products for everyday use. McLEAR focuses on innovative wearable technology for financial convenience.
What products or services does McLEAR offer?
McLEAR offers RingPay Ring and RingPay App.
Who are McLEAR's investors?
McLEAR has 2 investors. Key investors include Kickstarter, and MTG.
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