Monos

Customer story

Monos Grows Online Revenue 500% with Clearco

Headquarters

Vancouver, B.C., Canada

Industry

Home goods - Travel

Clearco Products

Cash Advance

About Monos

Monos, a travel brand founded on the idea of elevating everyday journeys, faced a major disruption when COVID-19 brought global travel to a halt. By partnering with Clearco, they were able to pivot quickly, invest in growth, and scale aggressively through uncertainty.

“The funding from Clearco allowed us to keep our foot on the gas pedal, to remain aggressive, and prevented us from slowing down at all”

– Victor Tam,

Co-Founder & CEO of Monos

The Challenge

Cash Flow Squeeze During a Travel Halt

When COVID-19 hit, Monos found itself in one of the hardest-hit industries. After initially planning to scale without external investment, the sudden collapse of travel demand led to mounting pressure on cash flow.

Continuing with the same strategy wasn’t an option. Monos needed to pivot their product line, invest in new opportunities, and prepare for an eventual rebound in travel demand.

The Solution

Flexible Ecommerce Funding for Marketing and Inventory

Monos turned to Clearco to fund their ecommerce growth, starting with digital marketing and later expanding into inventory and warehousing financing.

Even during the most difficult and uncertain time for their business, Monos was able to scale considerably with Clearco.

The Results

Momentum That Never Slowed

• +500% growth in online revenue year-over-year

With a resurgence in the travel industry, Monos grew their online revenue over 500% with Clearco’s help.

“The funding from Clearco allowed us to keep our foot on the gas pedal, to remain aggressive, and prevented us from slowing down at all,” says Victor Tam, Co-Founder & CEO of Monos.

Clearco also enables Monos to maintain flexibility in how they allocate working capital, supporting future plans to expand their product lineup and build an omnichannel experience with physical retail locations.