Clearco Launches Expanded Receipt Funding to Boost Ecommerce Growth Ahead of Holiday Shopping Season
Business wire
Clearco Launches Expanded Receipt Funding to Boost Ecommerce Growth Ahead of Holiday Shopping Season
Media:
Samantha Lloyd
Director of Marketing
Clearco
samantha.lloyd@clear.co
Clearco today announces the expansion of its Receipt Funding solution, designed to support ecommerce businesses with working capital needs as brands prepare for the biggest shopping season of the year. With Receipt Funding, eligible purchases made by ecommerce brands within the past 60 days can be submitted for reimbursement, with up to $1,000,000 USD* in funding available for eligible merchants.
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Just in time for Black Friday and Cyber Monday, Clearco launches expanded Receipt Funding (Photo: Unsplash)
Black Friday and Cyber Monday (BFCM) is one of the busiest times of the year for ecommerce brands, with U.S. Black Friday sales reaching $9.8 billion in 2023. Clearco’s Receipt Funding offers businesses the capital they need to stock up on inventory, expand advertising spend, and strengthen their logistics capabilities without delaying growth due to cash flow constraints.
“Receipt Funding and Invoice Funding from Clearco give ecommerce businesses the tailored, founder-friendly financial support they need to thrive during Black Friday, Cyber Monday, and the remainder of the holiday shopping season,” states Olivier Grinda, COO of Clearco. “Our goal is to help brands fund their business on their own terms, empowering them with capital to seize high growth opportunities without compromising cash flow.”
What Clearco’s Expanded Receipt Funding Means for Ecommerce Brands
Ecommerce businesses gearing up for Black Friday and Cyber Monday (BFCM) can benefit from Clearco’s innovative funding options, which provide flexibility through a combination of Invoice Funding and Receipt Funding. These solutions allow brands to strategically plan and manage their capital for key expenses, including advertising spend, inventory, and supplier payments, ensuring they’re ready for the increased demand during peak shopping season.
Previously, Clearco’s Receipt Funding was focused on specific vendors. Now, Clearco’s Receipt Funding has been expanded to include additional vendors under the following categories*:
- Inventory
- Digital marketing
- Traditional marketing
- Event Marketing
- Shipping
- Logistics
- Packaging
- Legal
“The decision to expand Receipt Funding to match our offering on Invoice Funding reflects the needs of our prospective and existing brands,” notes Alexander Lawson, VP of Data and Investments at Clearco. “Especially during the holiday season, we see a need to enable more control over cash flow. Supporting ecommerce growth during peak season is important for Clearco.”
Ecommerce brands can submit any receipt directly through the Clearco platform, enabling brands to secure funding in as little as 24 hours, supporting immediate cash flow needs during peak shopping season.
Clearco’s Unique Funding Advantage:
Clearco offers flexible funding options
Ecommerce brands can easily access capital by uploading receipts from qualified purchases made within the last 60 days. Clearco’s Receipt Funding provides rapid reimbursement for past purchases, while Invoice Funding ensures vendors and suppliers are paid timely, allowing ecommerce brands to stay focused on BFCM preparations.
Clearco allows brands to use only the funding they need
Clearco’s funding enables ecommerce merchants to access capital based on their specific requirements. Businesses only pay fees on the funds they use for invoices or receipts—empowering brands to make funding decisions that align with their needs.
Clearco offers capped, weekly payment
Clearco’s funding offers capped weekly payments, allowing brands to retain more of their profits as sales surge during BFCM and the remaining holiday season. This approach minimizes cash flow disruptions.
It’s important to note that all funding Clearco can offer is subject to the eligibility of the applicant.
About Clearco
Clearco is the non-dilutive working capital solution for ecommerce businesses in the United States. Clearco’s Invoice Funding and Receipt Funding allow businesses to access the capital they need for invoices and receipts pertaining to inventory, marketing expenses, shipping, logistics, tax bills, and more. Clearco funding has capped weekly payments, is non-dilutive, and does not take collateral or personal guarantees. Founded in 2015, Clearco has funded more than 10,000 businesses with $2.5B invested. For more information, visit clear.co.
* Funding subject to meeting eligibility requirements.
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