How Much Did ClearScore Raise? Funding & Key Investors

ClearScore has successfully raised funding over six rounds, with the latest being a Debt Financing round led by HSBC Innovation Banking. The company is backed by a total of nine investors, including HSBC Innovation Banking and Fair4All Finance.

ClearScore has also made strategic acquisitions, including Aro and Money Dashboard, to enhance its service offerings. Keep reading to explore the intricacies of ClearScore's fundraising journey and the investors backing this innovative platform.

What Is ClearScore?

ClearScore is a fintech company based in London, England, United Kingdom. It specializes in providing free credit scores, credit reports, and financial product recommendations to consumers. The company operates in the financial services industry, specifically focusing on credit and fintech.

Founded in an unspecified year, ClearScore has grown to employ between 101 and 250 people. The company is recognized as the UK's #1 credit score and report app, trusted by nearly 16 million users. ClearScore is also authorized and regulated by the Financial Conduct Authority.

How Much Funding Has ClearScore Raised?

1. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: June 2015
   • Lead Investors: Blenheim Chalcot
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To launch the platform and begin offering free credit scores and reports.
2. Series A
   • Amount Raised: Not publicly disclosed
   • Date: June 2016
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and expand user base.
3. Non-Equity Assistance
   • Amount Raised: Not publicly disclosed
   • Date: February 2017
   • Lead Investors: Future Fifty
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To gain strategic support and resources for growth.
4. Private Equity
   • Amount Raised: $200,000,000
   • Date: June 2021
   • Lead Investors: Invus Opportunities
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To fuel international expansion and product development.
5. Debt Financing
   • Amount Raised: $3,400,000
   • Date: July 2024
   • Lead Investors: Fair4All Finance
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support product innovation and market expansion.
6. Debt Financing
   • Amount Raised: $30,000,000
   • Date: February 2025
   • Lead Investors: HSBC Innovation Banking
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth and expand product offerings.

Total Amount Raised: $233,400,000. Current Valuation: Not publicly disclosed.

Key Investors

• HSBC Innovation Banking
  • Details: HSBC Innovation Banking is a division of HSBC that focuses on providing financial services to innovative and high-growth companies. They have been a strategic partner for ClearScore since 2017, supporting its growth and expansion.
  • Investment Focus Areas: Fintech, innovation, high-growth companies.
  • Notable Investments: ClearScore.
• Fair4All Finance
  • Details: Fair4All Finance is an organization dedicated to increasing the financial resilience and wellbeing of people in vulnerable circumstances. They focus on financial inclusion and resilience.
  • Investment Focus Areas: Financial inclusion, resilience.
  • Notable Investments: Initiatives focused on financial inclusion.
• Invus Opportunities
  • Details: Invus Opportunities is a global investment firm that partners with companies across various stages of growth. They have a diverse portfolio across different industries.
  • Investment Focus Areas: Various growth stages, diverse industries.
  • Notable Investments: Diverse portfolio across different industries.
• Future Fifty
  • Details: Future Fifty is a program that supports high-growth tech companies in the UK. They provide strategic support and resources to help companies scale.
  • Investment Focus Areas: High-growth tech companies.
  • Notable Investments: High-growth tech companies in the UK.
• Blenheim Chalcot
  • Details: Blenheim Chalcot is a venture builder that invests in and builds businesses in various sectors. They have been involved with ClearScore since its seed round.
  • Investment Focus Areas: Fintech, education, health.
  • Notable Investments: Multiple businesses in fintech, education, and health.

What's Next for ClearScore?

ClearScore is poised for significant growth, driven by its recent €36.1 million funding from HSBC Innovation Banking UK. This financial boost will enable the company to expand its product offerings and enter new markets, leveraging its user base of over 24 million across five countries. The opportunities are vast, with plans to enhance financial wellbeing tools and explore embedded finance.

Future fundraising efforts are likely, as ClearScore continues to scale and innovate. The company may seek additional debt or equity financing to support further expansion and strategic acquisitions. However, challenges such as regulatory hurdles, competition, and maintaining data security will need to be navigated carefully.

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