Layoff
Jul 2022Clearco cut about a quarter of staff, affecting 125 of roughly 500 employees, amid a worsening tech and credit environment.
SourceCompany research
Public company, workplace, funding, and market signals
Overview
Clearco is a Toronto-based fintech that provides non-dilutive growth capital to DTC ecommerce brands, with invoice funding, cash advances, rolling funding, and fixed funding capacity.
Primary product
Non-dilutive ecommerce funding (Invoice Funding / Cash Advance / Rolling Funding)
Founded
2015
Headquarters
Toronto, Ontario, Canada
Team size
51-200 employees
Work style
Remote
Industry
Financial Services
Sub-industry
Fintech / ecommerce financing / revenue-based financing
Offices
Toronto, Ontario, Canada (HQ)
33 Yonge Street, Suite 1200, Toronto, ON M5E 1G4
Remote-first / distributed
Business model
revenue-based financing
Funding
Stage
Series D
Total raised
$1.8B
Latest round
Series D · Oct 2023
Latest amount
$60M
People & investors
Leadership
Chief Executive Officer
Nader Dabbo
Chief Legal Officer
SVP, Technology
SVP, Revenue
Work & culture
Remote-first, direct-communication culture that emphasizes focus, accountability, inclusivity, and knowledge sharing.
Work style
Remote
Compensation
Public job postings emphasize competitive salaries, and some roles list stock options plus benefits such as RRSP/401k matching, health coverage, learning stipends, and flexible time off. Public salary bands have been visible on some role pages, but they are not consistently published company-wide.
Benefits
$300 home-office stipend
unlimited PTO
$2,000 annual learning and development stipend
RRSP/401k matching up to 4%
Goodlife Fitness discount
Product & market
Pricing
Typical fixed fees of about 3.5% to 12%, with capped weekly repayments and no early repayment penalties.
Differentiators
- —No equity dilution
- —No personal guarantees
- —No blanket liens
- —Funding decisions in as little as 24 hours
- —Rolling capital that replenishes as payments are made
- —Invoice Funding plus Cash Advance in one platform
- —AI-supported underwriting
- —Direct-to-vendor payment options
- —Integrated with major ecommerce platforms
- —Predictable capped weekly payments
Technology
AI-backed underwriting
Scale & contact
Estimated revenue
$100M-$250M
Estimated monthly visits
54.1K
Traffic estimate as of Jun 2026
Signals & risks
Other
Aug 2022Clearco retreated from international markets and laid off additional staff in the U.K., Germany, Ireland, and Australia, referring overseas business to Outfund.
SourceLatest news
Business Wire · Sep 2025
Clearco launched a rebuilt funding suite featuring Cash Advance, Rolling Funding Capacity, improved pricing/capacity, and an early payment option, framed as a major platform refresh for ecommerce founders.
Business Wire · Jul 2025
Clearco introduced Rolling Funding, a replenishing capital product that eliminates reapplications and is designed to give ecommerce brands continuous access to capital.
Clearco blog · May 2024
Clearco moved into a new Toronto office at 33 Yonge Street and reiterated its remote-first / work-from-anywhere policy.
Clearco blog · Apr 2024
Clearco said its rebuilt platform was open for business and signaled a more stable operating phase centered on invoice funding.
Open Positions
37 jobs at Clearco
Lead Product Manager, MarTech
On-siteProduct & InnovationNew York, New York, United States3d ago
On-site