ClearSale IPO raises $254 million to foster innovation in fraud prevention

Bernardo Lustosa, Chief Executive Officer at ClearSale

International fraud protection leader ClearSale  is pleased to announce that its July 30 initial public offering on Brazil’s B3 stock exchange generated the equivalent of US$254 million (R$1.3 billion) following the company’s historic revenue growth in 2020.

ClearSale realised US$147.7 million from the IPO and intends to dedicate 50% of the total to support organic growth, 30% to acquisitions and 20% to innovation and development.

Why is ClearSale attracting investments?

ClearSale’s advanced statistical technology and expert in-house fraud analysts combine to offer unique card-not-present (CNP) fraud prevention that reduces chargebacks and false positives while helping merchants to deliver an excellent and fulfilling customer experience.

Consumers shifted from in-store to online shopping and fraud attacks on ecommerce merchants increased. ClearSale’s net revenue grew by 65.7%, compared to 2019’s 35.5%.

The 2020 net international revenue grew by 132.7% to comprise 11% of the total.

Attending the IPO at the B3, Chief Executive Officer, Bernardo Lustosa credited customer confidence in ClearSale’s innovative solutions with the company’s growth.

“The IPO was the path chosen by ClearSale to expand the business and follow our mission to promote consumer confidence in the versatile and complex digital ecosystem.”

“Investor confidence in our team, culture, solutions and future plans are now added to the reliability that our clients have already placed in the company over the past two decades to ensure their safety and maintain focus on the consumer,” emphasised Bernado.

ClearSale experincing exponential global growth

Since its founding in 2001, ClearSale has grown from a startup to a global provider of CNP fraud prevention services, with more than 4,000 customers across 170 countries.

ClearSale made the Financial Times 2021 list of the fastest-growing companies in the Americas and operates in Australia and the UK along with offices in Miami and São Paulo.

“The Australian market is at the forefront of so many developments related to global ecommerce, with high digital wallet use rates, Buy Now Pay Later options and strong cross-border shopping habits,” said ClearSale’s Australia Country Manager, Ralph Kooi.

“We’re committed to helping merchants innovate and grow while protecting their revenue and customers from fraud, and the IPO expands our growth and R&D resources.”

Banco Itaú BBA served as lead coordinator on ClearSale’s Initial Public Offer, with Bank of America, BTG Pactual and Santander acting as offering coordinators.

ClearSale is listed on the B3’s Novo Mercado segment under the ticker symbol CLSA3.