| Founded | 2015 |
|---|---|
| Closed | 2023 |
| Country | Canada |
| Sector | Fintech |
| Total raised | ~$300M equity (SoftBank Vision Fund 2, Highland Capital, iNovia Capital) |
| Collapse type | Mass Layoff Spiral |
| Founder | Michele Romanow, Andrew D'Souza |
Clearco (Clearbanc)
"The fintech startup that invented revenue-based financing for e-commerce and raised $2 billion in AUM — then watched rising interest rates compress its margins to zero"
Cascading layoffs that accelerated the decline
Key Events Timeline
Clearbanc was founded in 2015 by Michele Romanow — a recurring CBC Dragon's Den panelist and serial entrepreneur — and Andrew D'Souza in Toronto.
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