Ecommerce businesses have numerous options when considering a capital provider to support their growth. There is no one-size-fits-all financing option, and we often find that Clearco customers are working with multiple providers to fund different elements of their business. Companies leverage Clearco to fund their vendor invoices for inventory, while using other financing options to purchase equipment or pay their team.

It is known that invoice financing provider Stenn has gone into administration following an application from HSBC in the UK High Court. We have seen the damage that the  collapse of financing providers can do to direct-to-consumer (DTC) ecommerce brands who are reliant on their working capital. Stenn is the latest player in this critical financing market to experience sudden and significant challenges.

Clearco created the revenue-based finance category for DTC ecommerce brands and has a proven track record of navigating these markets. In order to support businesses as they grow, financing partners of DTC ecomms must be reliable and stable; in short, customers need to know these partners will be there to fund their working capital needs. We are here to serve any American businesses currently using Stenn's invoice financing who may be experiencing significant disruption and require additional financing or re-financing solutions.

What is Stenn?

Stenn is an invoice financing solution for companies. Founded in 2015, Stenn offers invoice financing services for ecommerce, international trade and SaaS companies. According to their LinkedIn, Stenn was built to empower businesses underserved by traditional financial systems.

Clearco is an alternative to Stenn's invoice financing

Many ecommerce businesses we speak with about funding are looking for heterogeneous financial solutions – not just alternatives to Stenn but to other providers as well. Stenn, as an invoice financing provider, has many ecommerce businesses and consumer packaged goods (CPG) brands looking for their next working capital solution and financial support. We support brands specifically in the U.S.

What is Clearco’s Invoice Funding?

Our invoice funding is highly specific to our customers’ needs. Clearco is an alternative to ecommerce loans. With Clearco’s Invoice Funding, your ecommerce business takes the funding amount it needs, when it needs it, and is debited with weekly capped payments.

Clearco works with ecommerce companies to fund inventory, marketing receipts, and shipping and logistics bills. We are not traditional “cash-in-bank” Merchant Cash Advance or Revenue-Based Financing. Instead, we are a platform designed to help you invest in those elements of your ecommerce business that will see the return in a few months time. Many ecommerce businesses need a bridge to support their cashflow between ordering from suppliers and selling their products. That’s where Clearco comes in.

Clearco funding gets your business back on track: just in time for the holiday season

We understand that changes to financial services that your business relies on can be tricky to navigate. We're sorry to see the challenges Stenn is facing as well as any impacts on their customers. Many fintech capital providers – including Clearco – have hit rough patches in the last several years. What we share with Stenn is the belief that businesses deserve fast access to working capital. We will do whatever we can to support their U.S. ecommerce customers, including providing new or replacement financing.

‍Sign up for Clearco funding today for your ecommerce business or get in touch with our support team to learn more about the funding solutions we offer.