WHAT HAPPENED
ByAmit Chowdhry Today at 10:13 AM Clearco has secured a $100 million asset-backed financing facility from Macquarie Group that is expected to support approximately $900 million in funding to ecommerce brands over the next two years. The facility expands Clearco’s ability to provide non-dilutive capital to growing ecommerce companies as their funding requirements become larger and more complex. Qualified brands can access up to $10 million in funding with estimated terms ranging from four to 12 months. Clearco plans to use the additional capacity to support businesses expanding across direct-to-consumer, wholesale, retail, marketplaces and social commerce. Funding can be used for initiatives including inventory purchases, marketing, major purchase orders and other growth investments.
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