eClear provides automated VAT and customs compliance solutions for cross-border e-commerce, utilizing AI-driven tax determination and real-time transaction monitoring. Their technology enables seamless VAT filing and customs clearance across the EU, UK, Switzerland, and Norway, ensuring compliance and reducing the administrative burden for marketplaces and digital platforms.
Funding
$45.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Cross-border e-commerce businesses face significant challenges in navigating the complexities of VAT and customs regulations, leading to increased administrative burdens and potential compliance issues. Inaccurate tax determination, manual filing processes, and lack of real-time transaction monitoring can result in financial risks and operational inefficiencies.
Solution
eClear provides a suite of automated VAT and customs compliance solutions designed for marketplaces, digital platforms, and their sellers. The platform offers certified, on-demand VAT and customs content, along with embedded full-service tax clearing solutions. eClear's core offerings include real-time tax determination and calculation, end-to-end automated VAT filing and reporting, and cross-border customs clearing. By automating these processes, eClear ensures compliance with EU, UK, Swiss, and Norwegian regulations, reduces administrative overhead, and enables seamless cross-border trade.
Target Audience
eClear primarily targets marketplaces, digital platforms, and their sellers engaged in cross-border e-commerce within the EU, UK, Switzerland, and Norway.
Features
- ClearVAT: Automates VAT clearing within the EU-27, providing a 0% VAT, tax-free sales experience.
- ClearCustoms: Facilitates cross-border customs clearing to the UK, Switzerland, and Norway, ensuring a border-free shipping experience.
- VATRules: Offers a certified real-time tax determination and calculation engine, classifying product portfolios according to the specific VAT logic of each country.
- FileVAT: Automates the filing of VAT returns, EC sales lists, and VAT ledgers for up to 30 countries.
- CustomsAI: Provides AI-driven customs tariff classification.
- SPOT: An omnichannel merchant transaction dashboard providing financial control on e-commerce sales with real time alerts on cross-border tax, customs and compliance issues.
- API and SAP integrations for seamless integration with existing systems.
- Real-time transaction monitoring for compliance on cross-border trade, customs & VAT.