Michele Romanow and Andrew D’Souza contributed to the $23 million the company raised in the form of convertible debt, spokesperson Nick Rosen-Wachs confirmed. A securities filing dated Oct. 7 shows Clearco raised the money from two Barbados-based investors—Romanow and D’Souza—as well as one based in Quebec and six in the U.S. The email newsletter OPM Wire first reported on the filing. (The Logic, OPM Wire)

Talking point: Rosen-Wachs said the lending startup is looking to raise a total of $30 million for the purpose of “continued growth.” SoftBank-backed Clearco, which was once valued at $2 billion on lofty growth plans, has recently pared back its international business and laid off staff as it grapples with lagging revenues amid a broader downturn that’s led to cuts at a host of prominent tech companies. Romanow and D’Souza have been Barbados residents since at least March 2021, The Logic first reported, leading the company remotely after relocating during the COVID-19 pandemic. Investors in this round received convertible promissory notes, letting them convert their stake into an equity position down the road. Inovia Capital, an early Clearco backer, did not confirm whether it was the Quebec-based investor that the public filing shows contributed $4.1 million under the deal.