About ClearBank
ClearBank is a Financial Services company based in London (United Kingdom) founded in 2015 by Charles McManus. Cloud-based open banking API is developed for banking-as-a-service solutions. It operates in the Financial Services and Technology sectors. ClearBank has raised $476.58 million across 7 funding rounds from investors including Apax Partners, PPF Group and BCR. The company has 238 employees. ClearBank was last valued at $610.69 million in January 2020. Its chief executive, as recorded, is Charles McManus. Its website clear.bank draws about 29 thousand monthly visits. ClearBank offers products and services including Accounts, Clearing, Embedded Banking, and API Services. Its focus areas include FinTech, Banking Tech, Open Banking and Banking APIs. Its legal entity is CLEARBANK LIMITED.
Company details
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.
- Headquarters London, United Kingdom
- Employees 238
- Founders Charles McManus
- Stage Minicorn
- SectorsFinancial ServicesTechnology
- Website category Finance · Financial Planning and Management
- Email••••••••
- Phone•••• ••••
- Website clear.bank
- Social LinkedIn X
- Legal Name Clearbank Limited
- Date of Incorporation 17 Aug, 2015
- Jurisdiction LONDON, ENGLAND
- Annual Revenue$138.5 M (USD)91as on Dec 31, 2023
- Net Profit$27.86 M (USD)108as on Dec 31, 2023
- EBITDA$22.83 M (USD)358as on Dec 31, 2023
- Total Equity Funding$476.58M (USD)
in 7 rounds
- Latest Funding Round$230.28M (USD), Series E
Mar 2022
- InvestorsApax Partners
& 2 more
- Employee Count238
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.
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.
- Total Funding $476.58M
- Total Rounds 7
- Last Round Series E — $230.28M
- First Round $43.5M
(Feb 2017)
- Investors Count 3
All 7 funding rounds of ClearBank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Jan 2020 | $610.69M | •••••••• |
| Jan 2019 | $496.28M | •••••••• |
| May 2018 | $••••• | •••••••• |
| Feb 2017 | $••••• | •••••••• |
Full valuation and stage history of ClearBank
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $610.69M (Jan 2020). 3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Equity investments are focused on tech, services, and consumer sectors. | 1981 | apax.com | Hong Kong, China | |
PPF Group is engaged in international investment across diverse sectors. | 1991 | ppf.eu | Prague, Czech Republic | |
| bcr-ltd.com |
Investor details for ClearBank
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of ClearBank
205 people are tracked at ClearBank (69 in leadership, 136 in team); the tracked headcount is 238.
| Name | Role | Group |
|---|---|---|
Charles McManus | Co-Founder & CEO | Leadership |
Jonathan Turner | Program Director | Leadership |
Damien Love | Director Of Enterprise Risk | Leadership |
Dave Marsland | VP Of Engineering | Leadership |
Gareth Cronin | Group Chief Risk Officer | Leadership |
Hannah Riches | Chief Of Staff - People | Leadership |
Lauren Clayton | Senior HR Business Partner | Leadership |
Emma Hagan | Chief Executive Officer, UK | Leadership |
Stuart Ross | Head Of Compliance (smf16) | Leadership |
Maryanna Rayko | VP Of Engineering (infrastructure And Operations) | Leadership |
Philip House | Chief Governance & Legal Officer (cglo) | Leadership |
Carl Molyneux | Director Of Engineering - Infra & Platform (interim) | Leadership |
Phil Hart | Chief Internal Auditor | Leadership |
Sukhy Atwal | Head of Wealth, Pensions & Insurance | Leadership |
Mark Fairless | Chief Executive Officer | Leadership |
Olga Elsenga | Head Of Legal | Leadership |
Roshini Dhaliwal | Chief People Officer | Leadership |
Jonny Gibson | Director Of Engineering | Leadership |
Adam Johnson | Head Of IAM | Leadership |
Dave Allison | Chief Technology Officer (cto) (smf24) (interim) | Leadership |
185 more people are available in the full profile.
Complete people profiles for ClearBank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of ClearBank
4 dated milestones of ClearBank across 7 years, from founding to its latest funding, stage changes and deals.
- Founded ClearBank is founded.
- Funding First funding round of $43.5M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series E, of $230.3M.
Web traffic of ClearBank
The website of ClearBank (clear.bank) receives about 29.3K visits a month and ranks #851,101 among all websites worldwide, #9,104 in Financial Planning and Management.
- Monthly visits29.3K
▼ 19% vs previous month
- Unique visitors16K
per month
- Global rank#851,101
among all websites
- Category rank#9,104
Finance · Financial Planning and Management
- Bounce rate50%
- Pages per visit1.9
- Average visit22 sec
- DevicesDesktop 32% · Mobile 68%
Websites whose visitors overlap most with ClearBank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| worldfirst.com | 100% | 785K | #45,054 | View details | |
| tide.co | 96% | 788.5K | #66,325 | View details | |
| suitsmecard.com | 84% | 193.7K | #220,836 | View details | |
| ifxpayments.com | 68% | #2,141,795 | View details | ||
| allica.bank | 64% | 84.2K | #255,483 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for ClearBank
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 11 similar websites
- Audience overlap
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- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as ClearBank (Banking & FinTech Platforms) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | 3,462 | ||
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 |
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Related news about 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 CEO of ClearBank, as recorded in our data. They have also founded this company.
ClearBank is a funded company, having raised a total of $476.58M across 7 funding rounds to date. The company's 1st funding round was a Series C of $43.5M, raised on Feb 2017.
ClearBank has 238 employees.
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.
ClearBank operates through Clearbank Limited.