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Clearco provides non-dilutive working capital to ecommerce businesses, helping them fund invoices and operational needs such as product procurement, marketing, and general operations. The funding model advances capital quickly—often within 24 hours—without requiring collateral or personal guarantees, and it uses capped weekly payments so clients know exactly what they’ll pay. This streamlined, equity-free financing is designed to scale with a business, supporting predictable revenue growth and cash flow management. Compared to competitors, Clearco emphasizes non-dilutive funding, fast access to capital, and transparent, fixed repayment terms. The company’s goal is to enable ecommerce brands to grow efficiently by providing simple, scalable funding that preserves ownership.
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$1.9B
Headquarters
Toronto, Canada
Founded
2015
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Total Funding
$1.9B
Above
Industry Average
Funded Over
10 Rounds
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Flexible vacation & holidays
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Kickass team & leadership
Clearco secures $100 million USD for "rescaling" after difficult years. After recapitalizing in 2023, Toronto FinTech company says it will break even by Q4. Clearco says it's "rescaling" after a difficult few years that saw it downsize its operations and revamp its funding model for e-commerce clients. "The name of the game since the recapitalization is, run the business lean, recognize that the market rewards disciplined operators, and that it's the fastest path to profitability." Andrew Curtis The Toronto-based FinTech company announced on Tuesday that it had secured $100 million USD ($138.7 million CAD) in asset-backed debt financing from Australian investment firm Macquarie Group, its first such financing in years, as it aims to provide capital to its approximately 400 e-commerce customers. Founded in 2015 by Michele Romanow and Andrew D'Souza, Clearco provides capital to e-commerce merchants and direct-to-consumer brands, without equity dilution. Clearco initially provided funding and took a cut of revenue in return. Now, it takes fixed weekly payments from its customers based on projected sales. "The beauty of that is it allows the customers to better anticipate their cash-flow needs," CEO Andrew Curtis told BetaKit in an interview on Monday. He added that this model avoids customers having to give more to Clearco during busy weeks. Clearco raised over $400 million CAD in equity financing over the years, and its valuation reached more than $2 billion USD in 2021. As macroeconomic conditions worsened in 2022, however, the company cut staff, pulled out of some overseas markets, and narrowed its product offering. In 2023, the company made leadership changes, more layoffs, underwent a recapitalization, and raised $60 million USD in equity after it was impacted by the collapse of Silicon Valley Bank. "Since then, we've just been rescaling the business and growing it," Curtis said. "That growth means we deploy more capital to our customers, and this facility allows us to do that more cost-efficiently and with more flexibility." In December 2025, The Logic reported that Clearco was growing again, tripling its capital advances as entrepreneurs struggled to raise capital from banks and VCs. According to public filings, Clearco raised just over $7.5 million CAD in convertible promissory notes (an unsecured debt that turns into equity) this year, which the company said came from existing investors. The Logic also reported its headcount was 110, a fifth of what it was in 2022. Curtis told BetaKit the updated headcount is now just under 100, which he attributed to "streamlining." "We try to run the business very lean, and we have since... 2022 and 2023," Curtis said. However, he added that Clearco has made investments in its revenue and marketing teams. "When we can realize efficiencies otherwise, via AI, we do that as well." "The name of the game since the recapitalization is, run the business lean, recognize that the market rewards disciplined operators, and that it's the fastest path to profitability," Curtis said. When it comes to reaching that milestone, the CEO said the new credit facility "makes a huge difference" because the cost of capital is 50 percent lower than it was in 2023. Clearco expects to be at break-even by the fourth quarter of this year. Feature image courtesy Clearco. OVHcloud: Your cloud. Your rules. Imagine a cloud that gives you the freedom to grow your way - open, sovereign, and free from lock-in.
Clearco, a provider of non-dilutive funding for ecommerce brands, has secured a $100 million asset-backed financing facility from Macquarie Group. The facility is expected to support approximately $900 million in funding to ecommerce brands over the next two years. The facility expands Clearco's ability to provide qualified brands with up to $10 million in funding with estimated terms of 4 to 12 months. It is structured to support ecommerce brands as they grow across direct-to-consumer, wholesale, retail, marketplaces, and social commerce channels. Macquarie's New York-based fixed income and currencies team provided financing for the transaction. The facility will enable Clearco to support larger inventory commitments and growth initiatives for brands expanding across multiple sales channels.
Building the funding partner ecommerce can count on. Andrew Curtis Last September, I shared not only why Clear Co rebuilt Clearco's products, but also how Clear Co think about supporting ecommerce brands. Rebuilding Clearco hasn't just been about launching better products (like Rolling Funding Capacity). It was about building a foundation that allows Clear Co to constantly evolve and show up for its customers through every stage of their growth. Today, I'm excited to share another key milestone in its journey to enable brands to fund their next move with confidence. Clear Co is proud to announce Clearco has secured a $100 million asset-based financing facility from Macquarie Group. This significantly expands its ability to support ecommerce inventory purchases, wholesale expansion, and ambitious omnichannel growth with larger funding amounts, longer estimated payment term options, and greater flexibility. With this new facility, qualified businesses can now access: * Funding amounts of up to $10 million for a single customer * Estimated payment terms up to 12 months * Flexible payment options that better align with your cash conversion cycles Ecommerce has changed. The capital that serves it hasn't. When Clearco first launched, ecommerce brands were primarily selling through a single DTC channel. Today, the businesses Clear Co work with look different. They're managing complex omnichannel strategies - whether it's selling direct on their website, wholesale in Costco, or internationally - and they're often operating all of these channels simultaneously. After investing over $3.3 billion in more than 11,000 ecommerce brands, Clear Co has learned that this kind of growth is harder to sustain when your business's funding landscape is always shifting. In recent years, Clear Co has watched new capital providers enter its market with ambitious promises, only to tighten their underwriting with little warning, reduce funding availability, or, worse yet, exit the category altogether, like Ampla, SellersFi, Parker, and others. For brands, that creates deep uncertainty at exactly the wrong moment. Because when you're preparing for a major inventory order or expanding into wholesale, you aren't just asking whether capital is available today. You're asking something more important: Will this provider still be here when I need them six months from now? Clear Co is ready for your next phase of ecommerce growth. Its new facility is specifically designed for the realities of running an ecommerce business in a rapidly evolving market. For its founders, it couldn't have come at a better time. Clear Co now have greater flexibility to serve larger businesses, support longer operating cycles, and fund longer-term omnichannel expansion. And, most importantly, Clear Co can continue investing in funding designed around how DTC ecommerce brands actually scale. Because the best funding partner isn't simply the one who shows up when times are easy. It's the one you can count on as your business grows more ambitious, more complex, and more successful. Wherever your growth takes you, Clearco will be here to provide the flexible funding, operational understanding, and reliability you need to keep building with confidence. There's nothing Clear Co care about more.
Clearco partners with Highbeam to streamline strategic funding and banking for ecommerce brands. Building a winning brand is harder than ever. Markets move quickly, costs continue to rise, and growth now requires financial decisions that depend on clear, real-time visibility. Yet many founders are operating with tools that were not built for the pace or pressure of today's environment, which makes managing cash flow and planning for inventory even more challenging. Cash flow pressure adds another layer of complexity. Brands often need capital to cover today's expenses and upcoming inventory, while much of their cash is still tied up in past orders that have not yet converted into sales. Enter Clearco. Traditional banking platforms do not provide the live insights, higher yields, sweeps, or transparent fees that modern DTC brands need to stay ahead. Enter Highbeam. The Highbeam and Clearco partnership was created to solve these cash flow challenges by giving founders real-time financial visibility and efficient non-dilutive capital in one connected system that supports growth without friction. Building a connected financial ecosystem for ecommerce growth. Highbeam and Clearco share a mutual goal: to bridge the gap between banking and growth capital by building a connected financial ecosystem tailored to the needs of modern consumer brands. Together, Clearco is making it easier for businesses to run their operations efficiently while staying fully in control of their equity and operations. Clearco's ecommerce working capital seamlessly provides brands with the funding they need to seize growth opportunities rather than stall their momentum. By redefining how ecommerce founders access capital, together with Highbeam's AI-powered financial control centre, Clearco is proud to connect smarter banking with fast, flexible funding so you can grow your business with the insights and tracking needed to scale. Highbeam's banking built for consumer brands, delivering up to 3.52% annual percentage yield, integrates directly with the 10,000+ businesses that trust Clearco. Highbeam's automated treasury sweeps ensure brands are earning the most yield possible everyday. Clearco is excited to give founders a smarter financial stack with flexible funding options for scaling, AI-driven insights, and real-time visibility that work together to maximize returns. One hub for banking and growth funding. Growing a brand means constantly shifting gears. From go-to-market to ops to product, founders are constantly moving. Managing finances shouldn't slow that momentum. That's why Clearco and Highbeam built one connected hub. Highbeam delivers zero-fee banking with high-yield accounts that put idle cash to work. Highbeam also provides brands with 13-week cash flow sheets that provide them with visibility into their finances. Clearco provides flexible, founder-friendly capital that moves with your revenue with no rigid terms. This strategic partnership gives founders and operators a single place to: * Track earnings, runway, and remittances in real time * Set up auto sweeps to maximize earnings * Access capital quickly for inventory, marketing, launches or viral moments * Keep cash working harder with tools built for ecommerce scale * Strategically manage cash flow Highbeam powers the banking. Clearco powers the growth. One platform. One financial ecosystem. Empowering smarter growth calls with real-time clarity. In ecommerce, every decision shapes momentum. Whether you're planning a product launch or managing seasonality, the strength of your financial insights can determine the outcome. Clearco and Highbeam are focused on more than access and speed. Clearco is helping founders make sharper, more confident decisions by combining real-time visibility with capital that's ready when needed. Highbeam's platform surfaces what matters most: cash flow trends, burn rate, and performance metrics. Clearco complements that visibility with flexible funding that supports action, not delay. This integrated approach gives founders the financial tools to actively grow your business and reach new heights with a clearer, faster path to scale and no second-guessing your next move. Simplifying finance, strengthening growth. Clearco and Highbeam were built to help founders move faster with fewer roadblocks. Now, together, Clearco is removing the friction between banking and capital by delivering one intelligent, connected system for ecommerce finance. No equity dilution. No hidden fees. Just high-yield banking with auto-sweeps, real-time insights, and flexible non-dilutive capital designed to keep pace with your brand's growth. Whether you're prepping for peak season or mapping your next product launch, Clearco and Highbeam give you the visibility and funding to scale with confidence. Ecommerce
Clearco launches Rolling Funding to advance how ecommerce brands access capital.
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Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$1.9B
Headquarters
Toronto, Canada
Founded
2015
Find jobs on Simplify and start your career today