Clearbanc commits £500mn to UK businesses 

October 09, 2020 | Investment

Written by FinTech Alliance

Clearbanc commits £500mn to UK businesses 

Clearbanc has said it will invest £500mn in UK online startups over the next year.  

In Brief:  

  • Clearbank is a Canadian VC firm that specialises in ecommerce investment.  

  • It wants to offer an alternative to VC – non-dilutive revenue-share agreements – for online businesses.  

  • Offers will range between £10,000 and £10mn. 

What does this mean? 

Clearbank will use Apis to allow founders to connect revenue and marketing accounts and see their investment offers – it says this process helps avoid bias which usually sees male-founded firms offered eight times more investment from traditional VC firms.  

Read more here.    

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