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About Clearco
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series D
Total Funding
$480.8M
Headquarters
Toronto, Canada
Founded
2015
Overview
Clearco provides working capital specifically for ecommerce businesses, allowing them to efficiently fund invoices and receipts. Their service is designed for companies that need quick and scalable funding for various operational needs such as product procurement, marketing, and general operations. Unlike traditional funding options, Clearco offers non-dilutive capital, which means businesses can access funds without giving up any ownership equity. They generate revenue through capped weekly payments, giving clients clarity on their repayment amounts. The funding process is fast and straightforward, enabling businesses to receive capital in as little as 24 hours without requiring collateral or personal guarantees. This model supports ecommerce businesses in increasing their revenue in a predictable and manageable way.
Simplify's Take
What believers are saying
- Clearco's $60 million Series D funding strengthens its financial position for growth.
- The partnership with Boundless enhances Clearco's service delivery and customer experience.
- Expanded receipt funding positions Clearco to capitalize on peak ecommerce sales periods.
What critics are saying
- Increased competition in B2B payments could threaten Clearco's market share.
- Leadership changes may lead to strategic misalignments within Clearco.
- Integration challenges with Boundless could disrupt Clearco's service delivery.
What makes Clearco unique
- Clearco offers non-dilutive capital, preserving equity for e-commerce businesses.
- The company provides funding within 24 hours, enhancing operational agility for clients.
- Clearco's API integration with Boundless streamlines the funding process for e-commerce firms.
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Funding
Total Funding
$480.8M
Above
Industry Average
Funded Over
7 Rounds
Founders FundBenefits
Comprehensive health insurance
Flexible vacation & holidays
Generous parental & family leave
Beautiful downtown office, or remote
Healthy food & snacks
Kickass team & leadership
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -4%2 year growth
↓ -7%Business-to-business (B2B) payments are undergoing a period of upheaval and reinvention. Businesses are seeking faster, more efficient and secure payment solutions, and a wide range of players are stepping up to meet these demands. The winners in the market will be those that can leverage technology, partnerships, and an understanding of the needs of B2B transactions to drive growth and unlock opportunity
Working capital solution Clearco, focused on eCommerce firms, is expanding its collaboration with capital marketplace Boundless. In a Wednesday (Dec. 4) news release, the companies said they will integrate their technology to allow for a “seamless handoff” for eCommerce companies during the funding process. According to the release, Clearco is the first eCommerce financial services solution to offer a direct application programming interface (API) integration with a partner, directly between platforms, with Boundless the first partner at Clearco to support the automated integration
Clearco launches Expanded Receipt Funding to boost ecommerce growth ahead of holiday shopping season.
Innovation and competition are constantly reshaping the B2B landscape. The pace of transformation has financial institutions (FIs) and corporations increasingly seeking ways to bring their B2B payments processes up to date with the latest technology. Given the economic volatility over the past few years and the ongoing tech explosion, it’s nearly impossible to find an aspect of business that’s remained constant — except for the need to pay, and be paid, in as efficient and expedited a manner possible
eCommerce invoice funding firm Clearco has teamed with small-business-focused capital marketplace Boundless. The partnership, announced Tuesday (July 16), is designed to provide working capital to eCommerce brands, with Clearco offering businesses outside their core target direct access to Boundless’ marketplace, and Boundless connecting eCommerce brands to Clearco to access funding in 24 hours. “eCommerce brands, especially small-and-medium-sized enterprises (SMEs), struggle to source traditional means of financing or lending for their business,” the companies said in a news release
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About Clearco
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series D
Total Funding
$480.8M
Headquarters
Toronto, Canada
Founded
2015
There are no jobs for Clearco right now.
Find jobs on Simplify and start your career today