Regan Mithani, the cofounder of the SaaS startup Xpedize, recently passed away while on vacation in Singapore. Xpedize, known for its supply chain finance platform, was later acquired by Clear to enhance its B2B payments offerings. Mithani’s entrepreneurial journey, which merged his passion for cricket with his business acumen, has left a lasting impact on the tech industry.
Founded in 2017, Xpedize facilitated SMEs and suppliers in invoice discounting and working capital management. The startup attracted notable investors, including YourNest Venture Capital and HDFC Capital Advisors Limited. After the acquisition, Xpedize evolved into ‘Clear Invoice Discounting,’ further boosting Clear’s financial services reach.
Prior to Xpedize, Mithani held key roles at Citibank India, showcasing his expertise in finance and technology integration. His sudden demise has drawn heartfelt tributes from industry peers, highlighting his contributions to the startup ecosystem.
Source: Inc42 Media