ClearOne Advantage, a Baltimore-based company specializing in helping individuals resolve credit card and unsecured debt, has secured an undisclosed amount in growth capital from Comvest Partners, a middle-market private investment firm based in West Palm Beach, Florida. This investment comes as ClearOne is well-positioned to benefit from the growing demand for debt relief services. With Comvest’s ongoing support, ClearOne aims to continue its growth and expand its reach in a time of increasing consumer debt.
ClearOne Advantage Receives 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.
A Strategic Partnership
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.”
ClearOne’s Mission
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.”
Key takeaways
- Baltimore-based ClearOne Advantage has secured growth capital from Comvest Partners, a Florida-based private investment firm.
- ClearOne Advantage specializes in helping individuals resolve credit card and unsecured debt.
- The strategic partnership with Comvest will enable ClearOne to capitalize on the growing demand for debt relief services.
- ClearOne Advantage has received recognition for its workplace culture and exemplary leadership.
