About Clearco
Clearco is a company based in Toronto (Canada) founded in 2015 by Andrew DSouza. Clearco has raised $1.08 billion across 10 funding rounds from investors including Intuit, SoftBank and FJ Labs. Clearco offers products and services including Invoice Funding, Receipt Funding, Marketing Bill Funding, and Shipping and Logistics Funding. Clearco operates in a competitive market with competitors including Moove, Lighter Capital, Uncapped, Novel Capital and Flow Capital, among others.
- Headquarter Toronto, Canada
- Founders Andrew DSouza
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
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Social
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- Legal Name Clear Finance Technology Corp.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$1.08 B (USD)
in 10 rounds
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Latest Funding Round
$60 M (USD), Series D
Oct 04, 2023
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Investors
Intuit
& 13 more
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Employee Count
Not available
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Products & Services of Clearco
Clearco offers a comprehensive portfolio of products and services, including Invoice Funding, Receipt Funding, Marketing Bill Funding, and Shipping and Logistics Funding.
Funds ecommerce invoices for timely supplier payments.
Reimburses receipts for marketing and operational expenses.
Supports funding for advertising campaigns to drive growth.
Covers costs for smooth product delivery operations.
People of Clearco
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Funding Insights of Clearco
Clearco has successfully raised a total of $1.08B across 10 strategic funding rounds. The most recent funding activity was a Series D round of $60 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Clearco
Clearco has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Intuit, SoftBank and FJ Labs.
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Investments are made in early-stage technology companies by Inovia Capital.
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Investment management firm focusing on venture capital and direct secondary transactions
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Multiple sectors are invested in by the private equity firm.
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Investor details for Clearco
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Clearco
Investment portfolio details for Clearco
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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Financial Statements - Clearco
Detailed financials for Clearco
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- Profit trends
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Clearco Comparisons
Peer comparison for Clearco
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Clearco
Clearco operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moove, Lighter Capital, Uncapped, Novel Capital and Flow Capital, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Revenue-based vehicle financing is offered to mobility entrepreneurs.
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Revenue-based financing is provided to businesses via an online platform.
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Online platform for revenue-based financing
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Revenue-based financing is offered to software businesses online.
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Provider of venture debt and revenue-based financing solutions tailored for businesses
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Detailed competitors of Clearco
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Latest news on Clearco
Complete news archive for Clearco
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Frequently Asked Questions about Clearco
Clearco was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Clearco is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Andrew DSouza is the current CEO of Clearco. They have also founded this company.
Clearco is a funded company, having raised a total of $1.08B across 10 funding rounds to date.
Clearco was founded in 2015 in Toronto, Canada, as a provider of revenue-based financing. Loans are extended to businesses in sectors such as eCommerce and SaaS, with repayment structured as a percentage of generated revenue. Operations focus on supporting growth for digital and online enterprises through non-dilutive funding options. The model is applied across various business types to facilitate capital access without equity surrender.
Clearco's top competitors include Moove, Lighter Capital and Uncapped.
Clearco offers Invoice Funding, Receipt Funding, Marketing Bill Funding, and Shipping and Logistics Funding.
Clearco has 14 investors. Key investors include Intuit, SoftBank, FJ Labs, Kensington Capital Partners, and SoftBank Vision Fund.