Clearco has always been about building the most straightforward way to get ecommerce businesses the funding they need. We are furthering that mission with our new presentation of your Funding Capacity. Beginning August 1, 2024, the improvements to our product will launch to better support our ecommerce brands in securing, and understanding, their Clearco funding.

Prior to the change, your brand may have been presented with multiple numbers, depending on your selected term. Now, we have switched to presenting one number for your available Funding Capacity in the platform.

On August 1 in the Clearco dashboard, you’ll now see one number for your Funding Capacity. Funding hasn’t changed, but our clarity around your funding capacity has! In short, funding capacity is much clearer now.

We are now honing in on the most important aspect of our product: Funding Capacity

You may be used to seeing the terminology “Capacity” in your Clearco platform. Beginning August 1, you will now see the phrase “Funding Capacity” which indicates the funding available to your company. This improved phrasing provides clarity around Clearco’s Invoice Funding product and what we’re able to fund for your brand.

With these changes, Clearco is focusing on what your brand is trying to best understand from us: Total funding available at any point in time from Clearco

Below is an example of a brand’s available Funding Capacity – a single number we present to you, regardless of the term or extension you choose (four, five, or six months).

Let’s explore an example scenario. If you see $100,000 in available Funding Capacity, and you submit an invoice for $50,000 at a 4, 5, or 6 month term, then your remaining available Funding Capacity will be $50,000, regardless of the term you select in the future.

You will also notice a new bar beneath your Funding Capacity. That bar draws down as you use the available Funding Capacity. In this example, an ecommerce brand has submitted invoices and receipts to the Clearco platform totalling approximately $918,160. Clearco has funded all of these invoices and receipts, meaning the customer has used a total of $918,160 of funding capacity, hence what is displayed on the bar.

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This bar will draw down dynamically as your company submits invoices and receipts to Clearco. If you were to cancel an invoice or receipt submission, the Available Funding Capacity would replenish, as would the bar.

Whether your brand is looking to fund inventory and materials invoices, marketing spend such as Google or Meta ads, or shipping and warehousing bills, these changes make clearer how much capacity your company has with Clearco.

Adding clarity to your favorite part of Clearco: Your brand’s Funding Capacity!

We can’t wait to launch these new, clarifying features of our product to make your funding experience even simpler. We recently enabled the funding of customer receipts up to $1,000,000 USD and will continue to do more to bring you the funding experience you want. 

As always, receipt reimbursements and Invoice Funding are subject to diligence and a single funding transaction maxes out at $500,000.