Company: VANITY PLANET
With a mission to bring the spa to the home, Vanity Planet faced unexpected demand, forcing them to look for solutions to fund their inventory.
After reviewing their options, Alex Dastmalchi, their CEO, chose Clearbanc for their speed and simple application process. Now, with Clearbanc capital funding their inventory, Vanity Planet has the cash flow they need to fuel their growth.
After seeing how inefficiencies in the CPG world led to increased costs for consumers, Alex wanted to build a company that provided high-quality beauty tech products without the high price point.
Now that they have efficiently scaled their ecommerce growth, Vanity Planet is looking to capitalize on their increased demand by partnering with over 4000 retail locations.
"Traditional markets need to be revamped. Clearbanc’s automated data analysis to make funding decisions was intriguing, especially when compared to the financial process of banking institutions. I decided to give it a try, and I’m so glad I did."
Alex Dastmalchi CEO