Clearco completes recapitalisation, secures $60m Series D funding and $100m financing facility
The recapitalisation comes after the Canadian growth capital firm carried out significant job cuts over the last year.
Clearco
FinTech Futures: Top five stories of the week – 20 January 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Clearco lays off 30% of workforce, CEO Michele Romanow resigns
Romanow will reportedly transition to the role of executive co-chair and remain on the company’s board.
Growth capital firm Clearco cuts 125 jobs citing “significant” economic headwinds
Clearco founders cite rising interest rates, high inflation and e-commerce growth slowdown as factors.
Clearco CGO: “Talent and ambition exist everywhere, but opportunity does not”
FinTech Futures speaks with Clearco’s Ruma Bose and Sarah Clark to discuss democratising access to funding.
Clearco raises $215m in Series C round led by SoftBank’s Vision Fund 2
Firm wants to boost its “founder-friendly” financing suite.
