Clearbanc Raised $1bn of Capital to Fund Startups

Clearbanc has raised $1bn in capital to help fund startups; they provide a loan with a 6 percent interest rate and repayment is done through taking a portion of the startup’s revenue; Clearbanc uses payments data and Facebook ad conversions to see if they want to make an investment into a company; the company raised money from CoVenture, Upper90 and Social Capital. Source

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