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Clearbanc to rebrand as Clearco in wake of $100-million fundraising round

Clearbanc to rebrand as Clearco in wake of $100-million fundraising round
Business
A Canadian fintech darling that is co-led by Dragon’s Den star Michele Romanow announced Tuesday a major rebranding on the heels of a US$100-million series C raise.

Clear Finance Technology Corp., which operates Clearbanc, announced that Connecticut-based venture capital firm Oak HC/FT was leading the third round of funding. The Toronto-based company also raised US$250 million of debt from National Bank subsidiary Credigy. Combined, the two funding vehicles raise the company’s valuation to nearly US$2 billion, according to a press release.
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