SoftBank Leads $215 Million Round in Canada Finance Startup
- Clear Finance provides capital through revenue-share model
- Funding to be used for global expansion, product development
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A SoftBank Group Corp. fund is leading a $215 million investment in Clear Finance Technology Corp., a Canadian growth capital startup that provides money to small online businesses.
Clear Finance, which operates under the name Clearco, provides funding to technology entrepreneurs in exchange for revenue-sharing agreements. It pitches itself as an alternative to venture capital for owners who don’t want to give up equity.