Total amount raised
$627.4 Million
Latest funding date
2022-03-18
Location
ClearBank has successfully raised significant funding over multiple rounds, establishing itself as a key player in the financial services sector. The platform offers a range of banking services, including accounts, clearing, and embedded banking, all powered by a cloud-based API.
Keep reading to explore the intricacies of ClearBank's fundraising journey and the investors backing this innovative platform.
What Is ClearBank?
ClearBank, founded in 2015, is a financial institution specializing in real-time payments and innovative banking solutions through its cloud-based API. The company is headquartered in London, United Kingdom, with an additional location in Amsterdam, Netherlands.
Operating within the financial services industry, ClearBank serves a diverse range of clients, including fintechs, banks, corporates, and digital asset platforms. The bank emphasizes innovation, customer support, and regulatory safety, aiming to help financial institutions provide better services and grow in a competitive market.
How Much Funding Has ClearBank Raised?
- Private Equity
- Amount Raised: USD 229,000,000
- Date: March 2022
- Lead Investors: Apax Digital
- Grant
- Amount Raised: USD 33,000,000
- Date: August 2020
- Lead Investors: Capability and Innovation Fund
- Series Unknown
- Amount Raised: USD 255,000,000
- Date: June 2019
- Grant
- Amount Raised: USD 79,000,000
- Date: February 2019
- Lead Investors: Capability and Innovation Fund
- Series Unknown
- Amount Raised: USD 33,000,000
- Date: February 2017
- Series Unknown
- Amount Raised: USD 7,600,000
- Date: January 2016
- Lead Investors: PPF Group
ClearBank has raised a total of USD 636,600,000 over multiple funding rounds.
Key Investors
- Apax Digital
- Details: Apax Digital is a growth equity firm that invests in high-growth technology and internet companies. They are part of Apax Partners, a global private equity advisory firm.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Signavio, Paycor, Wizeline.
- Capability and Innovation Fund
- Details: The Capability and Innovation Fund is a UK-based initiative aimed at supporting financial services firms in developing innovative products and services. It is part of the Banking Competition Remedies Ltd (BCR).
- Investment Focus Areas: Financial services, fintech, innovation.
- Notable Investments: Not publicly disclosed.
- PPF Group
- Details: PPF Group is an international investment firm with a diverse portfolio that includes banking, insurance, and real estate. The group operates in Europe, Russia, and Asia.
- Investment Focus Areas: Banking, insurance, real estate.
- Notable Investments: Home Credit, PPF Banka, O2 Czech Republic.
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