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.
Clearbanc changed its name to Clearco in 2021, signalling to the market it’s plans to build beyond just capital for founders. This will allow the company to expand across adjacencies while building and deploying new product offerings.
Co-founded in 2015 by Michele Romanow from Canada’s Shark Tank (Dragons’ Den), Andrew D’Souza, Ivan Gritsiniak, Charlie Feng, and Tanay Delima, ClearCo offers the most founder-friendly capital solutions for e-commerce, mobile app, and SaaS founders.