• FOUNDING YEAR: 2015
    LOCATION:
    Canada
    REGION:
    Last Update:
    22 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Its product offerings include: 1. Merchant Cash Advance: It is an advance that is based on the customers' future receivables. The company provides them with the credit and then collects 10% of their receivables until they pay back cash advance as well as the flat fee. 2. Clearbanc Marketing Card: It is a MasterCard that helps users fund their marketing spend. The company does not charge any application fee but only fixed fee associated with the advance determined based on their business data.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Authorize.Net, BigCommerce, Cratejoy, Acquire.agency, Ad Espresso, Common Thread collective, Hawkemedia, jumbleberry, Magento, Mutesix, PrestaShop, ShipBob, Springbot, tradegecko, XCART

PEOPLE

FOUNDERS:
Andrew D’Souza (CEO), Charlie Feng, Michele Romanow, Pavel Melnichuk (CTO)
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Emergence Capital, Social Capital, CoVenture, Founders Fund, 8VC

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$70 Millions
DATE OF LAST FUNDING:
Nov 2018
SEED PRIOR FUNDING COMMENT:
An undisclosed amount of funds were raised.
FUNDING SERIES:
SERIES A
$70 Millions Closed: Nov 2018
PRIZE MONEY:
$12 K
LISTED:
NO

LATEST RESEARCH