Venture Capital

Dragon’s Den star Michele Romanow must ‘brace for the worst’ as her fintech Clearco adjusts to tech slump

The Toronto e-commerce merchant financier, known as Clearco, stopped originating cash advances on July 18 to tighten its underwriting practices and increase fees. It resumed on Monday. The company has cut its monthly “burn” – its net use of cash – in half this year by slashing costs. It has also …

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