ClearBank
The UK’s first new clearing bank that delivers a new level of open competition and transparency to the UK financial services marketplace.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
* | £175m | Growth Equity VC | |
| Total Funding | 000k | ||
| GBP | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 1534 % | 1610 % | 602 % | 86 % | 104 % | 207 % | 299 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (34131 %) | (3258 %) | (525 %) | (249 %) | 147 % | 10 % | 7 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (28366 %) | (2965 %) | (578 %) | (272 %) | (125 %) | (16 %) | 8 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
ClearBank is a modern, cloud-based banking infrastructure provider that caters to financial institutions. It operates in the financial services sector, offering a unique solution to the challenges faced by these institutions in dealing with outdated systems. ClearBank's business model is centered around providing an Application Programming Interface (API) that allows its clients to process payments faster and more securely. This API also enables these institutions to stay relevant in a rapidly evolving market by focusing on delivering superior customer service.
ClearBank's services are particularly beneficial for fintech companies, merchants, and credit unions, helping them to enhance their existing banking systems with innovative technology. This not only speeds up settlements, allowing customers to access their money quickly, but also improves the overall customer experience.
The company also offers support to businesses on their journey to becoming regulated entities. This includes providing a dedicated relationship manager who understands the client's business and industry, backed by a team of specialists.
ClearBank operates under a banking license and holds all balances at the Bank of England, ensuring the safety of customers' money. The company's revenue is likely generated through a fee-based model, charging clients for access to its API and other services.
Keywords: Cloud-based banking, API, Financial Institutions, Fintech, Payment Processing, Customer Service, Regulated Business, Dedicated Relationship Manager, Secure Banking, Innovative Technology.