What is Clearco funding?

What is Clearco funding?

Clearco offers the most founder-friendly capital solutions for e-commerce, mobile apps, and SaaS founders as well as access to a powerful global network, insights and data, and recommendations. We take the bias out of traditional funding using a data-driven approach to generate funding offers.

How does clear Banc work?

Clearbanc is a form of debt financing that works very similarly to a merchant cash advance. You can borrow up to $10 million, and there is no set due date on when the borrower must pay the loan back in full. Clearbanc is only available for several industries.

Where is Clearbanc located?

Toronto, Canada
Founded in 2015 by Michele Romanow of CBC’s “Dragons’ Den” (Canada’s “Shark Tank”), Andrew D’Souza, Ivan Gritsiniak, Charlie Feng, and Tanay Delima, Clearco is headquartered in Toronto, Canada.

What is Clearbanc?

Clearbanc offers eCommerce merchants money based on their trailing 6 months’ worth of sales. Time the Clearbanc loan right before you predict a large drop in sales.

Is Clearco a good company to work for?

High growth company, decent benefits and they really do try their best to help bring the team together which isn’t always easy especially since the pandemic. They’re changing an entire industry for the better and you get to meet some amazing clients. As others have mentioned there is high turnover on the sales team.

Is Clearbanc a bank?

The world of fundraising for business is a mess, but nearly every company has to raise money at some point. Whether to buy some new materials, expand into a new market, or fuel marketing and sales, businesses need cash. Enter Clearbanc. …

Is Clearco a startup?

Clearco is a lending firm led by Michele Romanow that specializes in non-dilutive revenue-share agreements with start-ups. It is known for its “20-minute term sheet”, offering equity-free investments in companies. Its CEO is Andrew D’Souza. It is a Canadian business founded in 2015, headquartered in Toronto.

Is Clearco public?

Clearco Going Public Is on the Horizon: Co-Founder Romanow.

Why did Clearbanc change its name?

To reflect its evolution from a source of efficient capital for founders to a broader platform of growth products and services, the company is rebranding as Clearco. “The move from Clearbanc to Clearco really signals our move beyond capital,” said Co-Founder and President Michele Romanow.