ClearBank
7 statements across 3 episodes · 2 bullish · 1 bearish · 4 people on the record · first statement Jun 11, 2020 by Nathan Latka · said 2 times in 2 episodes since 2020 · across every show →
Mentions by year
brought up most by Savneet Singh (1), Nathan Latka (1)
tap a year for its mentions
2023 1 mention in 1 episode
2020 1 mention in 1 episode
Everything said about ClearBank, oldest first
Jun 11, 2020 bearish
Latka: ClearBank Revenue Financing Carries an Effective APR of 24%
“So a deal from ClearBank is going to look something like one X your monthly revenues on a two month Term with an interest rate of two percent per month, right? I mean, and that's on the bottom side. That's a 24% APR essentially. That's expensive.”
Jun 11, 2020 positive
Jun 20, 2020 neutral
Hollinger: Canadian Debt Lenders Typically Require at Least $500,000 in ARR
“But what we found was there isn't many lenders that for the capital we were looking for at our MRR. Usually it's about 500 in ARR or more. That's where we could start going to these other lenders, especially within Canada. But below 500, we didn't find many, a…”
Jun 20, 2020 neutral
Jun 20, 2020 neutral
Jul 18, 2020 neutral
Jul 18, 2020 positive
JustCall took $25,000 in debt from Stripe
“We got, like, some debt, I mean, just raised some debt from Stripe, like, that 25,000 dollars, you know, just to play around with, like, how it works. Then we're also talking to Clearbank to get some 50, 60 K to, you know, pay to some of the agencies that we a…”