📝 Clearco raises $100M

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Toronto-based e-commerce financier Clearco has secured a $100 million asset-backed credit facility from Australia’s Macquarie Group, providing essential liquidity to scale operations following several challenging years of downsizing and restructuring. The new debt financing—offered at a cost of capital 50 percent lower than its previous 2023 facility—will enable the company to deploy funding to roughly 400 online merchants via fixed weekly payments rather than revenue shares. Having cut its staff from over 500 to under 100 while integrating AI-driven efficiencies, leadership projects the streamlined company will reach break-even status by the fourth quarter.

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