The problem
Ecommerce brands need cash for inventory and ads before sales arrive, without giving up equity or waiting on banks
What they do
Non-dilutive working-capital funding for ecommerce and DTC brands, repaid weekly
Traction ~400 merchants funded; advances tripled in 2024, +50% 2025 (CEO claims, unaudited)
Hiring trend
- Open roles
- 5
- Headcount
- ~100
Shrinking: ~146 staff (May 2025, -15% YoY on LinkedIn) → ~110 (Dec 2025) → under 100 (Aug 2026)
Hiring in
- Toronto
- United States
- Remote (Canada)
Latest news
Aug 2026
Secured $100M asset-backed debt facility from Macquarie; targets break-even Q4 2026 ↗Glassdoor
3.4 ★ 257 reviews ↗Funding
- Last round
- $60M
- Stage
- Series D
- Date
- Oct 2023
Led by Inovia Capital, Founders Circle Capital
- Hiring+15 open roles on the live job board (3–9 roles = +1)
- Funding recency0Series D · $60M, Oct 2023 (36 months ago): over 24 months = 0
- Traction+0.75Some growth: ~400 merchants funded; advances tripled in 2024, +50% 2025 (CEO claims, unaudited)
- Red flags−11 significant flag in the last 24 months, −1 eachStill shrinking after the 2022–23 layoffs and 2023 recap that cut valuation ~90% to ~$200M: headcount fell from ~146 (May 2025) to under 100 (Aug 2026) via more cuts ('streamlining'), incl. a Mar 2025 layoff; 2026 cash came only as C$7.5M insider convertible notes plus debt.BetaKit: Clearco headcount now just under 100 after 'streamlining'; C$7.5M insider notes (Aug 2026) ↗ · The Logic: ~110 staff, a fifth of 2022 headcount (Dec 2025) ↗ · LinkedIn company page: 146 employees, -15.1% YoY (May 2025) ↗ · LinkedIn post: analytics engineer laid off from Clearco (Mar 2025) ↗ · Globe and Mail: recapitalization slashed valuation to ~$200M from $2B+ (Aug 2026) ↗ · Glassdoor reviews: 'Morale is low, high turnover' (May 2026), 3.4 rating ↗
- Total0.751 + 0 + 0.75 − 1 = 0.75 → Cool-down
Cool-down rule: score under 1.5 and the last round is over 24 months old, with shrinking headcount or layoffs.
Distance (10K) is a separate read on how long the lead can last. It doesn't change the score.
Distance
10K · edge: learns from use
Pioneered revenue-based ecommerce funding but now a shrunken follower behind Shopify Capital and Wayflyer, with ~400 merchants, a thin underwriting edge that rivals copied, and dependence on debt facilities for capital.
Sources: Globe and Mail: main rivals are Shopify and Wayflyer (Aug 2026) ↗ · The Logic: Shopify and Square adopted similar sales-data funding (Aug 2026) ↗ · PR Newswire: $100M Macquarie asset-backed facility (Aug 2026) ↗
Watch-outs
Still shrinking after the 2022–23 layoffs and 2023 recap that cut valuation ~90% to ~$200M: headcount fell from ~146 (May 2025) to under 100 (Aug 2026) via more cuts ('streamlining'), incl. a Mar 2025 layoff; 2026 cash came only as C$7.5M insider convertible notes plus debt.
Sources: BetaKit: Clearco headcount now just under 100 after 'streamlining'; C$7.5M insider notes (Aug 2026) ↗ · The Logic: ~110 staff, a fifth of 2022 headcount (Dec 2025) ↗ · LinkedIn company page: 146 employees, -15.1% YoY (May 2025) ↗ · LinkedIn post: analytics engineer laid off from Clearco (Mar 2025) ↗ · Globe and Mail: recapitalization slashed valuation to ~$200M from $2B+ (Aug 2026) ↗ · Glassdoor reviews: 'Morale is low, high turnover' (May 2026), 3.4 rating ↗
Open ops roles
No ops roles open right now
Last checked Oct 25, 2026