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platforms to analyze their business's financial health and revenue. The platform then reviews the data and automates the diligence process, effectuating funding decisions within minutes. By only reviewing financial and marketing data, Clearco posits it is "able to remove the bias out of traditional
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to make decisions on potential investments. As of August 2019, it has invested in 791 businesses, has a stated monthly average revenue of $ 121 million and raised $ 1 billion.
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Unlike venture capital firms that require stock, Clearco takes a fee on investments up to $ 10 million. Businesses apply online, and its payback fees range from 6–12.5%.
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Clearco offers capital from $ 10,000 up to $ 10 million to entrepreneurs. The platform uses an AI system to connect to a potential client's payment, ad, and
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is a lending firm led by Andrew Curtis that specializes in non-dilutive revenue-share agreements with start-ups. Clearbanc claims to make
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VC funding", translating into more capital being extended to female founders "on their platform over the industry average".
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It is a
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