Clearco: How funding fueled growth for ecommerce brand, Bloomist
Bloomist Secures Inventory With Clearco Funding
Headquarters
New York, USA
Industry
Home decor
Clearco Products
Cash Advance, Invoice Funding
About Bloomist
Bloomist, which is known for its curated collections of artisan-crafted home decor, worked with Clearco to overcome a critical cash flow challenge and pay their suppliers upfront without slowing down their operations or growth.
“Clearco’s non-dilutive funding was exactly what we needed—no liens, no collateral, no personal guarantees. Their speed and understanding made all the difference”
Mike Zung
CEO and Co-Founder of Bloomist
The Challenge
Sourcing Artisan Inventory Without Straining Cash Flow
Bloomist needed to bring their ikebana vases and brass frogs to market, which were in strong demand from both retailers and consumers. But after completing their production run, they needed to pay their artisan in India in full—upfront.
The supplier didn’t accept credit cards and tying up cash for weeks or months, while inventory shipped and sold, would have strained the business.
To keep operations running smoothly, Bloomist needed a way to fund inventory quickly without sacrificing liquidity.
The Solution
Clearco’s Flexible Ecommerce Funding
Mike Zung, CEO and Co-Founder of Bloomist, turned to Clearco for flexible funding. Within 48 hours, Bloomist’s account was set up and the necessary capital was secured.
Unlike traditional financing, Clearco’s funding model allows Bloomist to maintain full control of the business, so they could continue scaling without worrying about personal guarantees or equity dilution.
“ Clearco’s non-dilutive funding was exactly what we needed—no liens, no collateral, no personal guarantees. Their speed and understanding made all the difference,” says Mike.
The Results
Bloomist’s Daily Cash Flow Stays Liquid
With Clearco’s support, Mike and his team were able to pay their artisan partners immediately and without disrupting their day-to-day cash flow.
“I highly recommend Clearco to any ecommerce business facing similar challenges, says Mike. “Their approach to funding is a game-changer.”