Windsor Drake
Transaction · Identity / Fraud · 2023

CLEAR / Sora ID 2023

CLEAR acquired Sora ID on October 10, 2023.

Target
Sora ID
Acquirer
CLEAR
Announced
October 10, 2023
Sub-sector
Identity / Fraud

Transaction overview

  • CLEAR announced the acquisition of Sora ID on October 10, 2023.

Strategic rationale

CLEAR enters financial services sector with reusable KYC identity verification technology to reduce customer drop-off during onboarding.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
October 10, 2023
Acquirer
CLEAR (Strategic)
Sub-sector
Identity / Fraud

Sources

  • mobileidworld.com /clear-acquires-reusable-credential-specialist-enters-financial-services-market/

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