ClearOne Advantage Secures Growth Capital from Comvest Partners

Baltimore-based ClearOne Advantage, a company dedicated to assisting individuals in resolving credit card and other unsecured debt, has successfully secured an undisclosed amount in growth capital from Comvest Partners, a prominent middle-market private investment firm headquartered in West Palm Beach, Florida.

Comvest Partners, which has been providing capital to ClearOne since 2017, believes that ClearOne is strategically positioned to leverage the significant industry trends favoring debt relief services. Greg Reynolds, a partner at Comvest, expressed his confidence in ClearOne’s potential, stating, “We believe ClearOne is well-positioned to capitalize on the significant industry tailwinds for debt relief services and execute on its strategic plan.”

Founded in 2008, ClearOne Advantage offers comprehensive debt settlement programs to consumers across the United States. In exchange for their services, the company charges fees to clients looking to resolve their unsecured debt, including credit card debt.

ClearOne’s founder and CEO, Tomas Gordon, who previously led CoreStar Financial Group and Artisan Mortgage, shared his enthusiasm for the partnership with Comvest. He sees it as a pivotal moment for ClearOne as it embarks on its next phase of growth. Gordon noted, “Comvest brings ClearOne a wealth of sector experience along with meaningful capital and operational expertise that will help us capitalize on important growth opportunities and continue to expand our reach at a time of rising consumer debt.”