Jaxxon Achieves 1000% YoY Growth with Clearco

Headquarters
California, USA

Industry
Apparel - Jewelry

Clearco Products
Cash Advance

About Jaxxon

Jaxxon, the upscale men’s jewelry brand, found that traditional bank financing couldn’t keep up with their fast-growing ecommerce business—but Clearco could.

"The Clearco team was more than open to building out a custom fee and payback structure that made the most sense for us. It is priceless: The feeling that they actually want you to win"

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– Josh Pierce,

Co-Founder & COO of Jaxxon

The Challenge

Banking Built for Yesterday

Jaxxon started in 2017 with a $3,000 line of credit and operations run out of a one-bedroom apartment. But as sales accelerated, the co-founders quickly realized that a small business loan from their institutional bank wasn’t built for ecommerce businesses like theirs.

The terms were difficult, rigid, and didn’t account for any factors beyond credit score, like Jaxxon's impressive store revenue. On top of that, taking on inflexible debt felt risky for a company scaling as quickly as they were.

The Solution

Flexible Ecommerce Capital for Scaling

Clearco offered a funding model that aligned more closely with Jaxxon’s ecommerce operations and growth metrics. Instead of relying on outdated lending criteria, Clearco evaluated the business based on real performance data and revenue trends.

“The process of plugging in your accounts…just makes sense for ecommerce founders. It’s like we’re speaking the same language,” says Josh Pierce, Co-Founder & COO of Jaxxon.

With access to flexible capital, Jaxxon could confidently invest in both inventory and customer acquisition.

The Results

From Apartment to Global Brand

• 1000% YoY growth

Jaxxon achieved 1000% year-over-year growth while using Clearco to fund their hockey stick growth trajectory.

"The Clearco team was more than open to building out a custom fee and payback structure that made the most sense for us. It is priceless: The feeling that they actually want you to win,” says Josh.

With reliable access to ecommerce working capital, the company scaled from a small apartment operation into a globally recognized men’s accessories brand with a 20-person team and a warehouse in Los Angeles.