Codat helps Clearco bolster its underwriting arsenal

About Clearco

Clearco is the fastest, most affordable way for direct-to-customer and SaaS founders to fund their business and the largest eCommerce investor in the world.
Qualified companies get $10K - $10M, using data science to identify high-growth funding opportunities in less than 24 hours.

Our approach

Lack of complete financial data

Clearco was already collecting financial data such as sales transactions but wanted to bolster their underwriting arsenal.

Need for holistic view

Clearco wanted a holistic view of the financial health of applicants as well as the performance of existing customers.

Desire to maintain customer experience

Clearco customers share their data via APIs and they wanted this experience to remain the same.

A complete picture

Through Codat, Clearco obtained read-only access to its customers' accounting software platforms.

Ongoing monitoring

Through Codat, Clearco are able to track financial performance and operational nuances using soft metrics and metadata.

Make accessing credit quicker and simpler for everybody

Clearco customers are able share their accounting data via an API in keeping with the digital experience already available to them.

“Accounting data is a critical part in making the best investment decisions for Clearco’s customers. Codat’s API allows us to quickly assess accuracy and risk while at the same time maintain our streamlined application process”

Ben Brideaux
Director of Operations