The funding includes a $12 million Series A round led by 645 Ventures, with participation from existing investors FirstMark Capital, Fika Ventures, Commerce Ventures, and Dash Fund. The Series A also included new strategic participation from Friedkin and Yossi Levi, founder of Car Dealership Guy.

Clerq is a financial technology startup based in New York City. The company's next generation payments platform delivers a seamless checkout experience for high-ticket transactions. Leveraging modern bank rails, the platform offers the conversion and UX benefits of cards with risk and money movement infrastructure purpose-built for large purchases. Clerq replaces outdated manual payment methods like cash, checks and wires and expensive card surcharges with a smooth, integrated solution that helps merchants convert more customers without sacrificing margins.