About Clearco

Financial services are some of the most powerful and scalable tools that can help entrepreneurs. The nature of entrepreneurship is changing thanks to online channels and marketplaces. Traditional financial institutions are not equipped to respond to this change. Banks are not set up to consume and understand vertical-specific data about their customers for underwriting. Equity capital forces small businesses down an unsustainable path. For fast-growing businesses that are looking to finance inventory and sales rather than R&D, equity capital is an incredibly expensive way to fund repeatable growth.

Clearco offers a revenue share product for e-commerce businesses, which is an efficient source of capital for high-growth businesses. It sits between equity and debt from a risk and cost of capital standpoint. It also serves as a wedge product to establish a broader banking relationship with the customer.

 

Company Information

Headquarters: Toronto

Investment Information

Investment year: 2015

Inovia Team Members: Karamdeep Nijjar Kelly Jacques

Clearco's Journey with Inovia

June 2015

Inovia invests in Clearco

June 2018

Inovia invests in Series A and Karam Nijjar joins the Board as an observer

Aug 2019

Inovia invests in the company's Series B

Mar 2021

Inovia invests in the company's Series C

Sep 2021

Clearco becomes an Inovia Continuity Fund I portfolio company

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More to come!

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