Total amount raised
$627.4 Millions
Latest funding date
03/01/2022
Location
ClearBank has successfully raised significant funding to support its innovative banking infrastructure and real-time clearing access through its cloud-based API. The platform offers a range of products, including fully regulated accounts, faster payment processing, and embedded banking solutions.
Keep reading to explore the intricacies of ClearBank's fundraising journey and the investors backing this transformative platform.
What Is ClearBank?
ClearBank, founded in 2015, operates within the financial services industry, providing cloud-based banking infrastructure and real-time payment clearing services. The company is headquartered in London, United Kingdom, with an additional office in Amsterdam, Netherlands.
ClearBank serves a diverse range of financial institutions, including fintechs, banks, and digital asset platforms. The bank is fully regulated in both the UK and Europe, ensuring secure fund management at central banks.
How Much Funding Has ClearBank Raised?
- Venture Round
- Amount Raised: €7M
- Date: January 2016
- Lead Investors: PPF Group
- Venture Round
- Amount Raised: £25M
- Date: February 2017
- Lead Investors: -
- Grant
- Amount Raised: £60M
- Date: February 2019
- Lead Investors: Capability and Innovation Fund
- Venture Round
- Amount Raised: £195M
- Date: June 2019
- Lead Investors: -
- Grant
- Amount Raised: £25M
- Date: August 2020
- Lead Investors: Capability and Innovation Fund
- Private Equity Round
- Amount Raised: £175M
- Date: March 2022
- Lead Investors: Apax Digital
ClearBank has raised a total of £487M in funding.
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, digital media.
- Notable Investments: Signavio, Paycor, Wizeline.
- Capability and Innovation Fund
- Details: The Capability and Innovation Fund is part of the UK government's initiative to boost competition and innovation in the financial services sector. It provides grants to organizations that can enhance the financial services market.
- Investment Focus Areas: Financial services, fintech, banking innovation.
- Notable Investments: Not publicly disclosed.
- PPF Group
- Details: PPF Group is an international investment firm with a diverse portfolio that spans multiple sectors. The group operates in Europe, Russia, and Asia.
- Investment Focus Areas: Financial services, telecommunications, real estate, biotechnology.
- Notable Investments: Home Credit, O2 Czech Republic, SOTIO.
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