The startup offers an online financial platform that utilizes proprietary software and data science models to identify high-growth funding opportunities for e-commerce companies. By providing growth capital in exchange for a revenue share, the platform enables startups to access funding without diluting equity.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+2Founders
Product
Problem
E-commerce businesses often face challenges in managing cash flow, particularly when needing to fund invoices and receipts for inventory, marketing, and operations. Traditional funding options may require equity dilution or pledging collateral, which can be undesirable for founders.
Solution
Clearco provides e-commerce brands with working capital to fund invoices and receipts, offering a non-dilutive funding solution without requiring collateral or personal guarantees. The platform enables businesses to manage cash flow and reinvest in growth by providing capital for inventory, marketing, shipping, and logistics. Clearco's funding model features capped weekly payments and customized scoring based on a business's performance to optimize funding fees and payment terms. By connecting revenue accounts to the platform, e-commerce businesses can quickly determine their funding capacity and begin uploading invoices or receipts for rapid funding, often within 24 hours.
Target Audience
Clearco primarily serves e-commerce businesses with at least 12 months of revenue greater than $10,000 USD per month, incorporated in the United States, and possessing a valid US checking bank account.
Features
- Invoice funding for timely payments to suppliers, ensuring a positive supplier relationship
- Receipt funding for marketing bills, allowing for continuous campaign execution
- Funding for shipping and logistics to maintain smooth operations and timely customer deliveries
- Custom scoring system that adapts to a business's performance to optimize funding fees
- Integration with e-commerce platforms like Shopify, Amazon, Stripe, Square, and PayPal
- Fast funding process, with capital available in as little as 24 hours
- Intuitive platform for easy connection of revenue accounts and invoice/receipt uploads