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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series E — $230.3M
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First Round
First Round
(28 Feb 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series E - ClearBank | Valuation | Apax | |
| Sep, 2020 | Amount | Grant - ClearBank | Valuation |
investors |
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| Jan, 2020 | Amount | Series D - ClearBank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Equity investments are focused on tech, services, and consumer sectors.
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Founded Year | Domain | Location | |
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PPF Group is engaged in international investment across diverse sectors.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ClearBank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ClearBank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Clearbank Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cybersecurity and zero trust solutions are delivered for secure networks.
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| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Platform that provides data analysis and management solutions
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| domain | founded_year | HQ Location |
Cloud-based big data warehouse for enterprise data management is provided.
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| domain | founded_year | HQ Location |
Cloud-based data analytics solutions are delivered for insight generation.
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| domain | founded_year | HQ Location |
Synchrony is engaged in providing credit cards and banking services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Clearbank
Frequently Asked Questions about ClearBank
When was ClearBank founded?
ClearBank was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is ClearBank located?
ClearBank is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of ClearBank?
Charles McManus is the current CEO of ClearBank. They have also founded this company.
Is ClearBank a funded 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 D of $113M, raised on Feb 28, 2017.
How many employees does ClearBank have?
As of Dec 31, 2020, the latest employee count at ClearBank is 238.
What is the annual revenue of ClearBank?
Annual revenue of ClearBank is $138.5M as on Dec 31, 2023.
What does ClearBank do?
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.
Who are the top competitors of ClearBank?
What products or services does ClearBank offer?
ClearBank offers Accounts, Clearing, Embedded Banking, and API Services.
Who are ClearBank's investors?
ClearBank has 3 investors. Key investors include Apax Partners, PPF Group, and BCR.
What is ClearBank's valuation?
The valuation of ClearBank is $610.69M as of Jan 2020.
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