Clerq offers a bank‑payment platform that lets automotive and powersports dealers accept direct‑from‑bank payments with a card‑like experience, guaranteeing each transaction to eliminate fraud, funding and chargeback risk. The service reduces processing fees by up to 75% and settles funds in 1‑2 business days, while providing configurable widgets, real‑time decline insights, and API/DMS integrations to streamline high‑ticket sales.
Funding
$12M 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.
5OFounders
Product
Problem
Dealerships and powersports retailers often rely on costly card processing, checks, cash, and wire transfers, which incur high fees, risk chargebacks, and cause payment delays that can lose sales.
Solution
Clerq provides a bank‑payment platform that lets customers pay directly from their bank accounts using a secure, card‑like experience. The service guarantees every transaction, eliminating fraud, funding, and chargeback risk for merchants. Payments are processed with low fees—up to 75% less than traditional card rates—and settled to the merchant’s account within 1‑2 business days. Integrated widgets and branded invoices allow dealers to collect large down payments, deposits, and all‑cash sales via SMS, email, or web, while real‑time status tracking helps resolve declines instantly. Clerq also offers API and DMS integrations to automate workflows and reduce manual handling.
Target Audience
Clerq’s primary customers are automotive and powersports dealerships—including franchise, independent, and online sales platforms—that need low‑cost, risk‑free payment solutions for high‑ticket transactions.
Features
- Configurable account‑verification widget that matches the dealer’s website or app branding
- Real‑time payment status dashboard with decline reason insights
- High transaction limits for large down payments and all‑cash vehicle sales
- Automatic settlement to merchant accounts in 1‑2 business days
- Guaranteed payment processing that removes fraud, funding, and chargeback exposure
- Branded invoice generation and delivery via phone or email
- Seamless integration with dealership management systems (DMS) and commerce platforms through APIs
- Enterprise‑grade security with AES encryption, TLS, SOC 2 Type II compliance, and regular penetration testing