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SVB Loan to Struggling Fintech Clearco Bought by Venture Backers

(Bloomberg) -- A $60 million Silicon Valley Bank loan to Clearco is being scooped up by the struggling Canadian e-commerce lender’s original venture backers, according to people with knowledge of the matter.Most Read from BloombergChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveBerkshire Operating Earnings Jump on Insurance StrengthSouth Africa Spurns US Pressure to Stop Using China’s Huawei TechnologyS&P 500 Wipes Out Almost 1% Gain; Bond Yields D...
United States Bloomberg Businessweek Andrew Curtis Michele Romanow Silicon Valley Bank Clear Finance Technology Corp
Source: yahoo.com

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