Today, Outfund and Clearco have announced a strategic partnership to provide access to the largest and most founder-friendly International revenue-based funding solution. The partnership enables small businesses across the world to access the highest quality and fastest equity-free financing as they grow.
Outfund is the UK, Spain and Australia's largest eCommerce investor and has committed to investing £500M in small businesses in 2022. Clearco has invested $429M in companies outside of the US and Canada, across six countries, with a common mandate to support as many entrepreneurs as possible at scale.
Revenue-based funding is revolutionising the way founders grow their businesses. Outfund and Clearco each bring best in class revenue-based funding services to the international markets they operate in, including the UK, Ireland, Germany, Spain, Denmark, Netherlands and Australia. Their offerings each provide founders with fast and affordable funding in the form of non-dilutive capital, without personal guarantees. Their services also each provide true, tangible value and services including inventory funding and access to a global founder community, as well as insights and valuation tools to ensure its founders are successful.
In light of the partnership, Clearco has renewed its focus on its two core and largest markets, US and Canada.
Michele Romanow, Founder and CEO of Clearco comments: “As we shift our focus to our Canadian and US business for the time being, finding a partner for our International clients that shares our mission to democratise funding for founders has been our focus. We are confident that this is the best decision for our customers who will continue to benefit from Outfund’s revenue-based financing model without ever having to give up equity in their businesses.”
Daniel Lipinski, Founder & CEO, Outfund comments: "We look forward to welcoming Clearco’s international customers to Outfund. Our two companies are both offering best-in-class revenue based financing solutions and we are confident that Clearco’s customers will benefit from our funding options and support, particularly our UK, European & Australia based teams. The partnership represents continued growth for Outfund internationally.”