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ClearSale

“Can an AI + human analyst fraud-prevention platform become the dominant chargeback-guaranteed protection layer for SMB and mid-market e-commerce merchants globally, powered by Experian's identity data?”

Founded2001
HQMiami, FL (7300 Biscayne Boulevard, 33138); São Paulo, Brazil (original HQ)
FoundersPedro Chiamulera
Total raised~$254M (IPO proceeds)
Latest roundIPO on B3 (Brazil), July 30, 2021
IndustryInfrastructure / KYC
The story

Founded in 2001 in Brazil as the first Latin American e-commerce fraud-prevention company, ClearSale differentiated through a hybrid AI + human analyst model that minimized false declines. The company expanded beyond e-commerce into financial services, insurance, and telecom in 2013, then internationalized via Miami in 2015 and IPO'd on Brazil's B3 in 2021. Acquired by Experian in 2025, ClearSale now operates as Experian's SMB/mid-market e-commerce fraud platform, leveraging Experian's global identity and credit dataset to deepen its detection accuracy.

Last 12 months
2025-01
Product timeline
2001
Founded in Brazil as the first fraud-prevention company in Latin America, using statistics, technology, and human expertise.· pivot
2008
Integrated internet geolocation data into the fraud detection platform.· banking
2013
Expanded fraud prevention beyond e-commerce into financial services, insurance, telecoms, airlines, and direct sales.· pivot
2015
Began international expansion, opening a Miami, FL office to serve North American e-commerce merchants.· pivot
2021
Completed IPO on B3 Novo Mercado, raising ~$254M; also acquired chargeback management firm ChargebackOps.· ipo
2023
Added Brand Protection services with threat intelligence and brand monitoring to protect clients against cyber threats.· pivot
2025
Acquired by Experian, gaining access to the world's largest consumer credit and identity dataset.· acquisition
Acquisitions
ChargebackOps2021
Acquired chargeback management firm ChargebackOps to add end-to-end dispute management to ClearSale's fraud prevention platform.
Regulated entities
1
regulatory licence held by ClearSale
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
0 layers disclosed in ClearSale’s embedded-finance stack
Accounting gap: none