How it works:
Clearco uses a unique corporate revenue share to fund the growth of our portfolio companies. We have powerful predictive models that look at your revenue, ad performance and other third party data to generate funding offers. We don't take equity, we don't dilute your investors, we don't take personal guarantees and we don't do a credit check. We determine eligibility by analyzing your actual business metrics, so applying for an advance with Clearco should NOT affect your credit score. Our offers are based on your performance. We can deploy between $10,000 - $10,000,000 and can deploy that capital in less than 3 days. Clearco charges a small flat fee on our capital that ranges from 6% - 12% depending on how you spend the funds...
We currently only provide financing for eCommerce and Consumer SaaS (software as a service) companies. You will only receive funding offers if you qualify for funding, so please ensure that your business meets our minimum eligibility requirements. Our minimum eligibility criteria includes:
- average monthly revenue of at least $10K
- at least 6 months of consistent revenue history
- business must be incorporated (ie. corporations or limited liability companies) in North America or the United Kingdom
- more about our eligibility requirements here
It’s easy! First fill out the business information form and connect your sales and marketing accounts. We use this data to determine your funding offers and eligibility. If you are eligible for funding you will receive different offers, which you can accept right here on your dashboard. Once you’ve selected an offer, you will be guided to sign your contract, fill in your business details and connect your bank account. After a short review by our diligence team, your funds will be available to you to spend via a virtual VISA card or our VendorPay platform. If you are not eligible for funding, you can still take advantage of our Valuation service at absolutely no cost. Read more about Valuation here.
We take the bias out of traditional funding using a data-driven approach to generate funding offers. No pitches, no stress, our offers are built purely on your successes. We use your sales data to determine your funding offers and you must have at least 1 sales and 1 marketing account in order to get funded. This data-driven approach means that there are no personal guarantees or credit checks. Read more about connecting accounts here.
There is a fixed fee of 6% or 12% associated with each advance which is determined based on how you spend the advance. It has no periodic nor compounding interest so you will know exactly how much you are paying up front before you accept the offer and that fee will never increase throughout the repayment process. Read more about our fee structure here.
Payments begin as soon as your advance is active, and have no correlation to your spending. Payments are automatically debited from your bank account and are a percentage of your daily revenues from your connected sales accounts. This percentage is determined by your business data and the funding amount and will remain consistent throughout your advance. Read more about our payment structure here.
Our success team is standing by to help you with anything that may arise during your time with Clearco. You can reach us by phone or email. We also have our help centre full of articles, videos and how-tos. Find our help center and contact us page here.
Since we are for founders, by founders, we want to stick with you throughout your entire business lifecycle. This means when you grow, we want to grow with you. We have made it even easier now to receive additional funding when you need it most. Your Clearco advance is a one-time advance of funds available to you to grow your business. As you draw closer to spending the entirety of your advance you may need more capital. A top up is a brand new advance of funds that takes into account your recent business growth, as well as any outstanding balance. This means that when you take a top-up, your previous remaining balance will be rolled into the new advance, so you can receive more funding while still paying for your previous advance. Read more about top-ups here.