Le Tote is a women’s fashion subscription service featuring 200+ apparel and accessory brands.
Founder Rakesh Tondon was inspired by his wife’s second pregnancy.
He realized she didn’t have every day clothes she could wear to work (and that this problem didn’t go away once her maternity leave was over). Le Tote was created to provide women with variety at a fraction of the cost.
The success of a business hinges on its ability to scale.
However, traditional lines of equity and debt can be restrictive.
Clearbanc increases Le Tote’s runway by providing the short-term financing that they need to get to the next growth milestone.
Clearbanc's growth capital makes it easy for Le Tote to smooth out their cash flow and pay down expenses.
Le Tote uses Clearbanc to fund their Facebook, Instagram, YouTube, and Google campaigns.
Amount of topups Le Tote has received from Clearbanc so they can continue to scale their business.
“The Clearbanc dashboard makes it really simple to know how much you have to spend and potentially flex up.
I would say the ease of use made it really attractive for us. It was an interesting and innovative solution to what we needed.”Rakesh Tondon CEO, Le Tote