You have to spend money to make money, and financial technology company Clearbanc now has a way to get some of that money to brands on Facebook.
Clearbanc and Facebook teamed up to launch the Chrged program, which gives advertisers on Facebook that connect their ad accounts on the social network and their payment processors access to:
- Custom financing of up to $500,000, with flexible repayment options
- Financial support
- Cross-border resources
- Learning tools via the Facebook Blueprint e-learning initiative
Clearbanc said in a release introducing Chrged that it will establish affordable, fixed fees for businesses, adding that credit checks are unnecessary as advances of financing are based on companies’ business data.
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