Clearco, an ecommerce Invoice Funding solution and Boundless, a capital marketplace for small-and-medium-sized businesses, announces a strategic partnership to transform access to working capital for ecommerce brands. Clearco will offer businesses outside their core target direct access to Boundless’s marketplace. Boundless will connect ecommerce brands to Clearco to secure funding in as little as 24 hours.
“By partnering with Boundless, we can further their mission of helping businesses access capital solutions.”
Ecommerce brands, especially small-and-medium-sized enterprises (SMEs), struggle to source traditional means of financing or lending for their business. Alternative working capital or funding providers are necessary to support this emerging, high-growth sector of the United States’ economy. Clearco not only offers such businesses this critical funding but does so without requiring collateral or personal guarantees or diluting founders’ ownership.
Read More: SalesTechStar Interview with Shaun Shirazian, Chief Product Officer at Pipedrive
“Clearco’s Invoice Funding enables ecommerce brands to fund inventory, marketing spend, and other bills that must be paid in advance of seeing returns from such investments,” states Andrew Curtis, CEO of Clearco. “By partnering with Boundless, we can further their mission of helping businesses access capital solutions.”
Boundless has built a powerful marketplace that mitigates transparency challenges in the funding process for SMEs. Boundless partners with hundreds of lenders, financiers, and funding providers to match businesses with the most accurate capital solution. Adding Clearco to their marketplace provides a much-needed working capital provider specific to their ecommerce customer-base.
Read More: What is Process Automation? How does it Impact End Results?
“Boundless is dedicated to reducing the barriers associated with sourcing financing, lending, or funding opportunities for all small-and-medium-sized businesses,” notes Kyle Rector, President and Co-Founder of Boundless. “Clearco’s Invoice Funding allows for a fast, non-dilutive working capital solution that will serve our ecommerce market well.”
Together, Clearco and Boundless seek to drive a highly efficient funding process for businesses in the U.S. and empower these companies to re-invest in growth.
