Andrew D'Souza is a co-founder of Clearco, the Toronto company that began in 2015 under the name Clearbanc. He started it with Michele Romanow, who served as CEO until January 2023.
Clearco offered online businesses non-dilutive money against future sales. Founders got a data-driven term sheet in about 20 minutes and paid the money back from revenue, not with equity.
By August 2019 the company had funded 791 businesses and raised US$1bn. It rebranded as Clearco in 2021 and was valued at about US$2bn that year.
In 2022 Clearco cut about 125 staff and pulled back from several markets. Both co-founders had left the company by 2023.