About ClearBank
ClearBank is a company based in London (United Kingdom) founded in 2015 by Charles McManus. ClearBank has raised $476.58 million across 7 funding rounds from investors including Apax Partners, PPF Group and BCR. The company has 238 employees as of December 31, 2020. ClearBank offers products and services including Accounts, Clearing, Embedded Banking, and API Services. ClearBank operates in a competitive market with competitors including Zscaler, PayPal, Palantir, Snowflake and Alteryx, among others.
- Headquarter London, United Kingdom
- Employees 238 as on 31 Dec, 2020
- Founders Charles McManus
- Stage Minicorn
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Sectors
Financial ServicesTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Clearbank Limited
- Date of Incorporation 17 Aug, 2015
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$138.5 M (USD)91as on Dec 31, 2023
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Net Profit
$27.86 M (USD)108as on Dec 31, 2023
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EBITDA
$22.83 M (USD)358as on Dec 31, 2023
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Total Equity Funding
$476.58 M (USD)
in 7 rounds
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Latest Funding Round
$230.28 M (USD), Series E
Mar 19, 2022
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Investors
Apax Partners
& 2 more
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Employee Count
238
as on Dec 31, 2020
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Products & Services of ClearBank
ClearBank offers a comprehensive portfolio of products and services, including Accounts, Clearing, Embedded Banking, and API Services.
Provides regulated, secure accounts for financial institutions.
Facilitates real-time payment clearing via API connections.
Enables integration of banking products into third-party platforms.
Offers API for real-time payments and innovative banking features.
People of ClearBank
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Software Development Team
77 people
Finance and Accounting
24 people
Leadership Team
18 people
Head Team
13 people
Legal and Compliance
11 people
Human Resources and Administration
10 people
Senior Team
8 people
Product Management Team
7 people
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Funding Insights of ClearBank
ClearBank has successfully raised a total of $476.58M across 7 strategic funding rounds. The most recent funding activity was a Series E round of $230.28 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in ClearBank
ClearBank has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Apax Partners, PPF Group and BCR.
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Equity investments are focused on tech, services, and consumer sectors.
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PPF Group is engaged in international investment across diverse sectors.
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Investor details for ClearBank
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Investor locations
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Investments & Acquisitions by ClearBank
Investment portfolio details for ClearBank
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- Portfolio identities
- Transaction dates
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Financial Statements - ClearBank
Detailed financials for ClearBank
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- Historical revenue
- Profit trends
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Clearbank Comparisons
Peer comparison for ClearBank
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Competitors of ClearBank
ClearBank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zscaler, PayPal, Palantir, Snowflake and Alteryx, among others.
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Cybersecurity and zero trust solutions are delivered for secure networks.
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Online payment solutions are offered to consumers and businesses.
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Platform that provides data analysis and management solutions
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Cloud-based big data warehouse for enterprise data management is provided.
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Cloud-based data analytics solutions are delivered for insight generation.
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Synchrony is engaged in providing credit cards and banking services.
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Detailed competitors of ClearBank
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Latest news on Clearbank
Complete news archive for ClearBank
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Frequently Asked Questions about ClearBank
ClearBank was founded in 2015 and raised its 1st funding round 2 years after it was founded.
ClearBank is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Charles McManus is the current CEO of ClearBank. They have also founded this company.
ClearBank is a funded company, having raised a total of $476.58M across 7 funding rounds to date.
As of Dec 31, 2020, the latest employee count at ClearBank is 238.
Annual revenue of ClearBank is $138.5M as on Dec 31, 2023.
ClearBank was founded in 2015 and is headquartered in London, United Kingdom. Operations are focused on the fintech sector, where a cloud-based open banking API is provided to enable banking-as-a-service. Services include account management, payment processing, digital banking tools, direct debits, clearing transactions, and virtual accounts, supporting financial institutions and businesses across the region.
ClearBank offers Accounts, Clearing, Embedded Banking, and API Services.
ClearBank has 3 investors. Key investors include Apax Partners, PPF Group, and BCR.
The valuation of ClearBank is $610.69M as of Jan 2020.