Any entrepreneur will tell you that raising capital is an exhausting, time consuming, frustrating, and a very tedious process. Founders create pitch decks, and or presentations, to pitch their business idea to investors with the goal of receiving investment funds. Clearbanc, created an innovative, practical solution, that by-passes the traditional methods of lending.
ClearBanc, is a data-driven investment platform that provides capital for startups. The company uses data and machine learning technology to offer startups funding Investments that range from $10K to $10M. Within in a matter of 24 hours, applicants receive a decision and or funds, if approved. Clearlbanc has raised $300 million in capital, including a $50 million equity investment. The future seems bright for the Toronto based firm. Here’s why