ClearSale IPO Raises US$254 Million with Eye on Growth, Fraud Prevention Innovation


ClearSale has announced 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.

ClearSale’s statistical technology and in-house fraud analysts have combined to create card-not-present (CNP) fraud prevention that reduces chargebacks and false positives.

As the pandemic shifted consumers in many regions from in-store to online shopping and fraud attacks on ecommerce merchants increased, ClearSale’s 2020 net revenue grew by 65.7%, compared to 2019 growth of 35.5%.

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

ClearSale’s leadership team attended the IPO at the B3, where CEO Bernardo Lustosa credited customer confidence in ClearSale’s solutions with the company’s growth. “The IPO was the path we chose to expand the business and follow our mission to promote consumer confidence in the 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.”

Since its founding in São Paulo in 2001, ClearSale has grown from a small startup to the largest 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 has operations in Australia and the UK along with offices in Miami, Florida, and São Paulo, Brazil.

“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 to accomplish that.”

Banco Itaú BBA served as lead coordinator on ClearSale’s IPO, 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.


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