The original venture backers of Canadian eCommerce lender Clearco are reportedly buying a loan made to the company by Silicon Valley Bank (SVB). Inovia Capital and Founders Circle Capital, joined by the still operating venture capital arm of SVB, are buying SVB’s $60 million loan to Clearco, Bloomberg reported Friday (Aug. 4), citing unnamed sources....
In the age of tightening purse strings, as interest rates soar and investors demand ever-higher returns on capital to compensate for risk, in the months and years ahead we may see a rising tide of venture debt. Capital, of course, is the lifeblood of any...
End-to-end eCommerce services startup Cart.com is teaming up with eCommerce investment firm Clearco to enable digital retailers to gain easy access to capital financing. “We’re committed to making all aspects of running an eCommerce business streamlined and hassle-free — and that includes getting access to...
Back in the days when co-working meant making a cappuccino in Starbucks last an entire morning, London’s digital entrepreneurs were much more of a curiosity than a community. In the last decade, that has changed, and although its FinTech scene might be smaller than Silicon...
September 10, 2021
Back in the days when co-working meant making a cappuccino in Starbucks last an entire morning, London’s digital entrepreneurs were much more of a curiosity than a community. In the last decade, that has changed, and although its FinTech scene might be smaller than Silicon Valley in scale, London sees no shortage of capital flowing […]
May 03, 2021
It’s a frustrating paradox for any small- to medium-sized business (SMB) entrepreneur: You have to have money to get money. At least, that’s what it may feel like for many...
October 04, 2023
Toronto-based FinTech company Clearco has secured $60 million in a Series D funding round, as part of a recapitalization effort. The funding was led by Inovia Capital and Founders Circle Capital, both of which are long-term investors in Clearco, the FinTech said in a Wednesday (Oct. 4) press release. Additionally, Clearco has closed an asset-backed financing facility with Pollen Street Capital. These […]
August 04, 2023
The original venture backers of Canadian eCommerce lender Clearco are reportedly buying a loan made to the company by Silicon Valley Bank (SVB). Inovia Capital and Founders Circle Capital, joined by the still operating venture capital arm of...
September 28, 2021
End-to-end eCommerce services startup Cart.com is teaming up with eCommerce investment firm Clearco to enable digital retailers to gain easy access to capital financing. “We’re committed to making all aspects...
April 20, 2021
The eCommerce investor Clearco, formerly Clearbanc, announced a new name and a new round of funding on Tuesday (April 20), bringing the company’s valuation into the neighborhood of $2 billion....
