Clerkie has raised $35.0M in total across 2 funding rounds.
Clerkie's investors include 1984 Ventures, Andreessen Horowitz, Divergent Capital, Jenny Fielding, Scott Hartley, Far Out Ventures, Flourish Ventures, Ganas Ventures, Iluminar Ventures, Left Lane Capital, Matterscale Ventures, NFX.
Clerkie is an AI-powered financial automation platform that serves both consumers and lenders to simplify debt management and repayment. For consumers, it acts as a conversational AI financial planner, helping over 123 million underserved Americans budget, negotiate debts (claiming up to 70% reductions), and follow personalized strategies like debt snowball or avalanche methods to pay off credit cards and student loans faster.[1][3][4] For lenders, its B2B platform "Fiber by Clerkie" optimizes loan portfolios through machine learning-driven repayment strategies, proactive at-risk borrower identification, RESTful APIs for easy integration, and a marketplace for high-quality leads, reducing recovery time, costs, and defaults.[2][3] Backed by Flourish Ventures since 2018, Clerkie drives financial wellness by creating win-win outcomes in a broken debt system.[1][3]
Clerkie was co-founded by Guy Assad as CEO, emerging from his years of hands-on experience helping struggling middle-class families with their finances and debt challenges.[1][3][4] Headquartered in San Francisco, the company launched around 2018 with Flourish Ventures' investment, focusing on democratizing financial health for underserved Americans through AI.[1][5] The idea stemmed from recognizing the need for more than basic advice—users required actionable, AI-driven tools to tackle debt proactively, evolving into a dual-sided platform that addresses both individual struggles and lender inefficiencies.[3][4]
Clerkie rides the AI-fintech wave reshaping debt management amid rising U.S. consumer debt (credit cards, student loans) affecting over 100 million people, timing perfectly with advances in conversational AI and ML for personalized finance.[1][3][4] Market forces like regulatory pressures, high default risks for lenders, and demand for accessible financial tools favor its proactive model, which reduces losses while empowering users—bridging underserved markets ignored by traditional banks.[2][3] It influences the ecosystem by setting standards for ethical AI in collections, fostering innovation in repayment tech, and scaling financial inclusion through B2C/B2B synergy.[1][3]
Clerkie is poised for expansion by deepening AI capabilities in debt negotiation and portfolio analytics, potentially capturing more lender market share as economic pressures mount. Trends like embedded finance, real-time data APIs, and regulatory AI adaptations will propel it, evolving its influence from niche debt reliever to comprehensive financial health leader—ultimately easing the burden for millions in an AI-driven debt ecosystem.[2][3]
Clerkie has raised $35.0M across 2 funding rounds. Most recently, it raised $33.0M Series A in April 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2023 | $33.0M Series A | 1984 Ventures, Andreessen Horowitz, Divergent Capital, Jenny Fielding, Scott Hartley, Far Out Ventures, Flourish Ventures, Ganas Ventures, Iluminar Ventures, Left Lane Capital, Matterscale Ventures, NFX, Picus Capital, Redpoint eventures, Urbanist Ventures, Xochi Ventures, Y Combinator, Claire Diaz-Ortiz, Dileep Thazhmon, Eric Futoran, Immad Akhund, Loreanne Garcia, Matias Woloski, Mike Krieger, Ricardo Weder, Sergio Fogel, Sergio Furio, Simon Borrero, Stelleo Tolda, Tom Blomfield | |
| May 1, 2019 | $2.0M Seed | Flourish Ventures, Eric Futoran, Tom Blomfield |
