Frequently Asked Questions

Clearco provides e-commerce brands with equity-free capital to help them scale with certainty. Clearco funds and helps manage invoice payments for e-commerce brands to free up their cash flow in the present so they can plan for the future.

We fund e-commerce, subscription-based, and Consumer SaaS (software as a service) companies. Our minimum eligibility criteria includes:

• 6+ months of revenue greater than $10k/month from connected sales platform(s) corporations or limited liability companies
• Read more about our eligibility requirements on our Help Center

1. Fill in some details & receive your estimated funding capacity in under 2 mins
2. Submit invoices and choose your preferred extension plan
3. Connect your sales and bank accounts and submit your application
4. Receive your approved funding capacity
5. Finalize your payment schedule preference
6. Your vendors are paid!
   
   Read more about our sign up process here.

When you connect your sales accounts, Clearco collects and reviews your revenue history. We do this to forecast revenue across all your connected sales platforms to determine your approved funding capacity. Once you have submitted an invoice and selected an extension plan, your revenue data is used to determine your automated weekly payments. Your data is encrypted in transit and at rest.

During your application process, you will be able to get an estimated funding capacity by providing your self-reported monthly revenue. Once you connect your sales and bank accounts we’ll securely sync your data, and in as little as 48 hours you will see your approved funding capacity on your Clearco dashboard. Your approved funding capacity is provided to you as a range and represents the amount we may be able to help fund for your invoices. As you submit invoices, your funding capacity will decrease in relation to the size of the invoice submitted and extension plan selected. An extension plan shows the anticipated payments and the associated fee. You have the option of choosing a 4, 5, or 6 month extension plan. At the start of each month, you will be provided with a refreshed capacity amount, subject to approval.

We want to stick with you throughout your entire business lifecycle. As your business grows and as you pay an extension plan completely, your funding capacity will be updated. The more data you connect (via your sales channels), the more your funding capacity can grow.

Clearco fees have no periodic nor compounding interest. You will know exactly how much you are paying for the funding upfront before you sign your contract, and that fee will never increase throughout the payment process.

You will receive your anticipated payment schedule prior to accepting the contract. Clearco’s payment structure is a weekly capped amount and we will only debit as specified in your agreement. If your revenue falls below a certain threshold, your weekly payment will be adjusted and can be less than the capped amount stated on your initial estimated payment schedule. In such cases, you will have to make payments to us for a longer time than originally anticipated since payments to us are linked to your businesses’ revenue, and can therefore help you with managing your cash flow.

You can submit any eligible expense related to your business. We currently support international and domestic wires or ACH payments.

Each invoice will go through an application review process (typically 1-2 business days) to determine eligibility.

If your business expense cannot be paid via wire or ACH payment but the vendor falls under our Approved Vendors list, you may be able to submit a receipt of your paid expense along with the invoice within a 45 day timeframe after you paid them. In such cases, we will send the funding to your primary business bank account.

We currently support 32 different currencies, so if you have overseas suppliers we’ve got you covered. We charge a 0.5% commission for non-USD payments and currently support the following currencies.

Currencies supported: 

AED, AUD, BGN, BHD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HDK, HRK, HUF, ILS, JPY, KES, KWD, MXN, NOK, NZD, OMR, PLN, QAR, RON, SAR, SDG, SEK, THB, TRY, UGX, ZAR

You can choose the date you want to send the funds when you upload the invoice.

• Domestic wires/ACH: approximately 0-2 business days
• For international wires: approximately 0-3 business days

We suggest submitting invoices with a sufficient buffer to account for the time required to review your application (typically 1 to 2 business days) plus payment processing time (typically up to 3 business days). 

The processing times are guides based on historical data and are subject to change. Payments may need to be processed by various banks, including your vendor’s bank, so we do not guarantee processing times and you are solely responsible for ensuring that your vendor is paid on time.

The most common eligible business expense categories include: inventory, marketing, shipping, logistics, professional services, payroll, freelancers and more. If you are not sure if the invoice you are looking to submit falls within the eligibility criteria, you can upload the invoice along with the vendor details on your dashboard for approval (typically 1 to 2 business days). 

We only support ACH or wires to both domestic and international vendors. If you have a business expense that cannot accept one of these methods and it falls under our Approved Vendor list, you can also submit a receipt of the paid invoice within 45 days of payment and choose an extension plan.