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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

Acquired by Experian, becoming part of Experian's fraud and identity division and gaining access to Experian's global consumer credit/identity dataset.

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

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

ClearSale — frequently asked

Who founded ClearSale?

ClearSale was founded by Pedro Chiamulera and is founded in 2001, headquartered in Miami, FL (7300 Biscayne Boulevard, 33138); São Paulo, Brazil (original HQ).

How much funding has ClearSale raised?

ClearSale has raised ~$254M (IPO proceeds) in total (latest round: IPO on B3 (Brazil), July 30, 2021).

What companies has ClearSale acquired?

ClearSale's acquisitions include ChargebackOps (2021).

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