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Clearbanc provides a growth capital lending platform that offers credit to the entrepreneurs on the basis of their revenue and business output rather than on the basis of their credit score. They can also avail multiple credits based on their eligibility.
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.
Vinebox, Teysha, Piglet, Vnyl, Bokksu
Common Thread collective
DATE OF LAST FUNDING
SERIES A · $70 M · Nov 2018
SERIES B · $49.26 M · Jul 2019
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