# Clearco

> Clearco is a Toronto-based fintech that gives ecommerce and direct-to-consumer brands fast, non-dilutive growth capital - founders raise money without giving up equity or signing personal guarantees. Using AI to read revenue, marketing spend and sales data, Clearco offers cash advances, invoice funding and rolling capacity repaid as a share of revenue. Founded in 2015 as Clearbanc by Michele Romanow and Andrew D'Souza, the company has deployed more than $3 billion to over 10,000 brands and, after a 2023 recapitalization, relaunched a rebuilt funding platform under CEO Andrew Curtis.

- **Founded:** 2015
- **Headquarters:** Toronto, Ontario, Canada
- **Founders:** Michele Romanow (Co-founder, former President & CEO (departed 2023)), Andrew D'Souza (Co-founder, former CEO (stepped back 2022, departed 2023))
- **Team size:** Approximately 170 employees (down from a peak before ~72% of staff were laid off in 2022-2023)
- **Products:** Cash Advance, Invoice Funding, Fixed Funding Capacity, Rolling Funding, 20-Minute Term Sheet
- **Notable:** Deployed more than $3 billion in capital to 10,000+ brands since 2015, Pioneered the AI-driven '20-Minute Term Sheet' for rapid, equity-free funding decisions, Reached ~$2 billion unicorn valuation in 2021 after rebranding from Clearbanc to Clearco

## Products & services

- **Cash Advance** — Capital deposited directly into a brand's bank account, repaid as a percentage of revenue, for spend on inventory, marketing and growth.
- **Invoice Funding** — Pays a brand's vendors and suppliers on time, smoothing cash flow across the supply chain.
- **Fixed Funding Capacity** — A pre-approved funding limit a brand can draw against as it scales, sized to its revenue.
- **Rolling Funding** — Recurring, renewable funding that refreshes as a brand repays, supporting continuous growth and seasonal peaks.
- **20-Minute Term Sheet** — AI-driven underwriting that ingests revenue, marketing and sales data to deliver a funding decision in minutes rather than weeks.

## Achievements

- Deployed more than $3 billion in capital to 10,000+ brands since 2015
- Pioneered the AI-driven '20-Minute Term Sheet' for rapid, equity-free funding decisions
- Reached ~$2 billion unicorn valuation in 2021 after rebranding from Clearbanc to Clearco
- Raised a SoftBank Vision Fund 2-led round to expand globally
- Relaunched a fully rebuilt funding platform in September 2025, two years in the making, after its 2023 recapitalization

## Latest updates

- **2025-09** — Clearco announced the full-scale launch of its rebuilt funding platform, combining Cash Advance and Invoice Funding alongside Fixed Funding Capacity and Rolling Funding.
- **2023-10** — Clearco completed a recapitalization (reported $60M Series D / restructuring) that reset its balance sheet and wiped out most of its prior ~$2B valuation.
- **2023-01** — Co-founder Michele Romanow stepped down as CEO; both founders exited the company during 2022-2023, with Andrew Curtis taking over as CEO.

## Links

- Website: https://clear.co
- LinkedIn: https://www.linkedin.com/company/getclearco
- Twitter/X: https://twitter.com/clearbanc
- Instagram: https://www.instagram.com/clearco/
- Facebook: https://www.facebook.com/clearbanc/

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Profile page: https://yespress.io/clearco
Published by YesPress — https://yespress.io
Last updated: 2026-06-15