ClearLedger
Real-time multi-entity accounting built for Canadian franchises
ClearLedger consolidates financial reporting across multiple franchise locations into a single dashboard. Franchisors see real-time P&L, royalty calculations, and HST reconciliation. We charge $299–$799/month per franchisor and have 8 paying franchise networks (140 locations) generating $48k ARR 9 months after launch.
The average Canadian franchise network uses 3–4 different accounting tools across locations — QuickBooks at the location level, Excel for consolidation, and custom spreadsheets for royalty tracking. Finance teams spend 60+ hours per month on manual reconciliation work that should be automated.
ClearLedger is the single source of truth for franchise financials. Automated consolidation, royalty calculation, and tax reporting. Built by franchisors who lived this problem.
"What would you still be building if you knew it would take 10 years?"
I spent eight years doing by hand what ClearLedger does automatically. The opportunity to give that time back to franchise finance teams — and make them look like superheroes to their franchisees — is worth whatever it takes.
— Ryan Mehta, CEO
ClearLedger connects directly to POS systems, payroll providers, and banking feeds for each franchise location. The consolidation engine applies franchise-specific royalty rates, advertising fund contributions, and HST rules automatically. Franchisors generate CRA-ready GST/HST returns in one click.
8 franchise networks paying $299–$799/month. 140 active locations. $48k ARR, 18% MoM growth. Average implementation time: 4 days. Net revenue retention: 118%.
Criteria used by early-stage investors (YC, Sequoia seed, BDC Capital) to evaluate pre-seed companies.
| Criterion | Status | Value | Note |
|---|---|---|---|
| ARR | ✓ | $48k | Growing 18% MoM |
| NRR | ✓ | 118% | Expanding existing accounts |
| Runway | ✓ | 16 months | Well-funded for timeline |
| Lead investor | ✗ | None yet | Seeking lead |
| Enterprise customers | ~ | 0 | All SMB franchise networks |
Tap any milestone to see details.
Crossed $400k MRR. Added 2 new franchise networks this month.
"Explain your startup like I'm 12"
Imagine you have 50 lemonade stands. Every week you have to add up all their money, figure out how much goes to the big lemonade stand brand, and pay taxes. We make a computer do all of that automatically so the grown-ups have time for other things.
— Ananya Singh, CTO