Clearco

Company research

Public company, workplace, funding, and market signals

Updated Aug 16, 2026

Overview

Clearco is a private fintech company that provides founder-friendly non-dilutive funding for ecommerce and DTC brands, including cash advances and invoice funding. It positions itself as a capital partner for online businesses that need fast working capital without giving up equity.

Primary product

Cash Advance and Invoice Funding for ecommerce/DTC brands

Founded

2015

Headquarters

Toronto, Ontario, Canada

Team size

51-200

Industry

Financial Services

Sub-industry

Ecommerce financing / revenue-based financing / invoice funding

Business model

B2B fintech

working-capital financing

revenue-based financing

invoice funding

asset-backed lending

Funding

Stage

Series D / recapitalized private company

Total raised

$1.8B

Latest round

Series D / recapitalization · Oct 2023

Latest amount

$60M

Equity raise / recapitalization

Apr 2024 · Existing investors, led by Inovia Capital

$60M

Series D / recapitalization

Oct 2023 · Inovia Capital and Founders Circle Capital

$60M

Debt Financing

Aug 2023 · Inovia Capital, Founders Circle Capital, SVB Capital

$60M

Series D

Jul 2021 · SoftBank Vision Fund II

$215M

Series C

Apr 2021 · Oak HC/FT

$100M

Series B

Jul 2019 · Highland Capital Partners

$49.3M

Series A

Nov 2018 · Social Capital

$70M

Seed / early financing

Jan 2015

People & investors

Leadership

Andrew Curtis

CEO

Michele Romanow

Co-Founder, Executive Chairman

Andrew D’Souza

Co-Founder, Executive Chairman

Colin Kingsbury

Co-Founder, President, and Board Member

Founders

Andrew D'Souza

Co-founder & former CEO

Charlie Feng

Co-founder

Ivan Gritsiniak

Co-founder

Tanay Delima

Co-founder

Investors

Work & culture

Public sources emphasize a founder-first, fast-moving, disciplined culture focused on simplification, profitability, and customer support. The company has also highlighted rebuilding, operational focus, and long-term stability.

Compensation

No public compensation bands were found in primary sources. Public signals mainly come from layoffs, restructuring, and a push toward profitability rather than open salary disclosure.

Product & market

Pricing

Non-dilutive funding with capped weekly repayments; terms appear performance-based and tied to business metrics rather than traditional term-loan pricing.

Differentiators

—No equity dilution
—No personal guarantees
—Fast access to capital, sometimes as quickly as 24 hours
—Cash Advance and Invoice Funding in one platform
—Underwriting and funding built specifically for ecommerce/DTC businesses
—Asset-backed financing capacity to support originations

Technology

pardot

looker

zoominfo

hubspot

salesforce

marketo

tableau

google sheets

ringlead

numpy

sql

power bi

python

synapse

playwright

postgresql

typescript

docker

grafana

Customers

ecommerce brands

DTC brands

online companies

founders

Competitors

Shopify Capital

Pipe

Wayflyer

Outfund

Lighter Capital

Liberis

Scale & contact

Estimated revenue

~$100M annual revenue (Exa estimate); public range not independently verified

Estimated monthly visits

54.1K

Traffic estimate as of Jun 2026

Signals & risks

Layoff

Jul 2022

Clearco laid off about 125 employees, roughly a quarter of staff, amid significant headwinds.

Source

Layoff

Aug 2022

Clearco cut approximately 60 more employees as it pulled back international operations in the UK, Germany, Ireland, and Australia.

Source

Layoff

Jan 2023

Clearco laid off 30% of staff and Michele Romanow stepped down as CEO.

Source

Other

Oct 2023

Company confirmed a small restructuring of six employees while announcing recapitalization and new financing.

Source

Other

Aug 2023

Bloomberg reported Clearco’s $60 million SVB Canada term loan was bought by existing investors amid turnaround efforts.

Source

Latest news

Clearco Launches the Most Flexible Growth Funding Suite for Ecommerce Brands

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.

Clearco Launches Rolling Funding to Advance How Ecommerce Brands Access Capital

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.

Making Moves: Clearco Opens New Yonge St Office in Toronto

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 2.0 is Open for Business

Clearco · Apr 2024

Clearco said it completed recapitalization, including a $60M equity raise led by Inovia Capital and a new asset-backed facility expected to support $850M of originations over two years.

Clearco Announces Recapitalization, Raises $60M Series D Round Led by Inovia Capital and Founders Circle Capital and Closes New Asset-Based Facility with Pollen Street Capital to Support Growth of E-Commerce Businesses

PR Newswire · Oct 2023

Clearco recapitalized, raised $60M in Series D equity, and added a $100M asset-backed facility to support growth capital originations after a difficult 12-month restructuring period.

About About Blog Blog / company updates Careers CEO author page Contact Contact GitHub GitHub organization

SourcesClearco website / blog TechCrunch on 2023 recapitalization Reuters on 2021 funding round and rebrand TechCrunch on layoffs and CEO change BetaKit on layoffs and international retrenchment

Jobs and careers at Clearco

37 jobs at Clearco

Senior Software Engineer, Observability

On-site

Engineering

New York, NY, United States

3d ago

On-site

Full-time