ClearBank

ClearBank

Cloud-based banking infrastructure API provider

Overview

ClearBank provides cloud-based banking infrastructure through an API that lets banks, fintechs, and credit unions process payments faster and more securely. The API connects clients to modern payment rails and is hosted in the cloud, enabling quicker settlements and better customer experiences, with balances held at the Bank of England for safety. The company differentiates itself by offering cloud-native core services plus hands-on regulatory support and dedicated relationship managers to help clients navigate compliance and growth. Its goal is to help financial institutions stay relevant in a rapidly changing market by delivering scalable, reliable payment processing and improved customer service.

About ClearBank

Simplify's Rating
Why ClearBank is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Fintech

Financial Services

Company Size

501-1,000

Company Stage

Growth Equity (Venture Capital)

Total Funding

$641.3M

Headquarters

London, United Kingdom

Founded

2015

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Simplify's Take

What believers are saying

  • ClearBank opened Paris and Broadgate Tower headquarters in 2026, showing aggressive European expansion.
  • June 2026 Bybit EU partnership expands safeguarding and on/off-ramping across Europe.
  • May 2026 Fiat Republic launch and June 2026 digital asset rails increase product breadth.

What critics are saying

  • Crypto exposure deepens: Bybit EU, Fiat Republic, and EURC tie ClearBank to volatile regulators.
  • Embedded banking complexity strains FSCS and controls; May 2026 Datactics work signals scaling pressure.
  • If Revolut, Tide, or Chip switch rails, ClearBank loses a concentration-heavy growth engine.

What makes ClearBank unique

  • ClearBank holds balances at the Bank of England and runs cloud-native payment rails.
  • May 2026 SEPA Indirect gives clients branded IBANs without direct scheme membership.
  • June 2026 Digital Asset Rails blend SEPA Instant with EURC settlement for regulated institutions.

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Funding

Total Funding

$641.3M

Above

Industry Average

Funded Over

6 Rounds

Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
Coming Soon

Benefits

Flexible Work Hours

Hybrid Work Options

Remote Work Options

Paid Vacation

Parental Leave

Disability Insurance

Phone/Internet Stipend

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-1%

2 year growth

-2%
UK Tech News
Aug 4th, 2026
ClearBank CEO backs London fintech scene, eyes homegrown payment alternatives

ClearBank opened its new headquarters at London's Broadgate Tower in a ceremony attended by City Minister Lucy Rigby. The fintech company's UK chief executive Emma Hagan says London remains one of the most exciting places for fintech, citing its financial expertise, access to capital, and experienced regulators. Hagan expressed support for the UK's stablecoin regulatory framework, praising the clarity provided by the Bank of England and FCA. She welcomed the Bank's move away from complex individual holding limits following industry feedback. The CEO highlighted excitement around home-grown technology and banking infrastructure in the UK and Europe. She believes innovations like open banking and real-time payments could create alternatives to US-dominated platforms, particularly in payments. Hagan noted that most people underestimate the complexity behind simple payment transactions, which involve intricate networks of banks, payment schemes, and compliance checks working together securely.

PR Newswire
Jul 30th, 2026
Bloomsbury Money integrates ClearBank to bridge stablecoin and fiat payment rails

Bloomsbury Money Jersey has integrated ClearBank's banking infrastructure into its global network to enhance payment capabilities for institutional clients. The Jersey-regulated e-money institution and VASP will offer clients access to SEPA, SEPA Instant, SWIFT, GBP clearing including Faster Payments, CHAPS and BACS, and wire services across G10 currencies. The platform combines stablecoin and traditional fiat banking rails to reduce settlement times for international transactions. Services include real-time FX conversions, local and cross-border payments, real named accounts, virtual IBANs, and upcoming corporate debit cards. "Building our platform entirely in-house allows us to deliver seamless banking services that adapt directly to the high standards of our institutional clients," said Chris Park, CEO of Bloomsbury Money. The integration aims to address friction in cross-border payments caused by legacy banking infrastructure.

UK Tech News
Jul 10th, 2026
Former NatWest executive Ken Johnstone joins ClearBank as chief product officer

ClearBank has appointed Ken Johnstone as chief product officer to lead its product strategy across the UK and Europe. He will oversee the expansion of the London-based fintech's real-time clearing and embedded banking platform, focusing on digital asset rails, corporate solutions, and embedded banking infrastructure. Johnstone brings over 25 years of experience in fintech, banking, and telecommunications. Most recently, he served as chief product officer for NatWest Boxed and Mettle. At Mettle, he transformed the service from an e-money proposition into a fully regulated digital bank, scaling it to over 150,000 UK business customers. At NatWest Boxed, he built and launched its cloud-native Banking-as-a-Service platform. The appointment supports ClearBank's international expansion efforts across European markets.

Galitt
Jun 23rd, 2026
In brief: ClearBank settles in Paris to conquer Europe.

In brief: ClearBank settles in Paris to conquer Europe. ClearBank, B2B infrastructure bank, opens an office in Paris to strengthen its presence in the euro area and meet the growing demand for real-time payment infrastructures. ClearBank is a cloud-native infrastructure bank dedicated to financial institutions and fintechs, not a retail bank. It provides accounts, payment and clearing services via API. Today, ClearBank is entering a new stage in its European expansion with the opening of an office in Paris. The structure will thus accompany the development of ClearBank Europe, an entity already authorised at European level, and should allow the French market to be treated no longer remotely but as close as possible to local players. The issue is clear: to capture a growing demand for banking and payment infrastructures capable of dealing with real-time flows, while integrating European regulatory requirements. ClearBank is thus positioned as a provider of cloud-native banking "rails", allowing institutions to open accounts, execute instant payments and launch new services without having to manage the complexity of multiple payment systems themselves. With a base of more than 280 client institutions, ClearBank now intends to adapt its offer to French specificities, with the launch of dedicated products. Traduit automatiquement via Libretranslate / Automatically translated via Libretranslate

Financial IT
Jun 3rd, 2026
ClearBank Europe signs agreement with bybit EU to provide banking infrastructure and safeguarding across Europe.

ClearBank Europe signs agreement with bybit EU to provide banking infrastructure and safeguarding across Europe. * Banking * 03.06.2026 10:51 am ClearBank, the enabler of real-time clearing and embedded banking, today announces a new strategic partnership with Bybit EU, the Vienna-headquartered crypto-asset service provider operating under the European Union's Markets in Crypto-Assets Regulation (MiCAR, to deliver core banking infrastructure in support of its European growth. Through this agreement, ClearBank Europe will provide safeguarding on customers' accounts and on/off-ramping services, to enable Bybit EU's customers to securely manage their funds and support seamless movement of funds between fiat and digital asset services across the region. This partnership demonstrates ClearBank Europe's growing expertise in providing digital asset firms with secure banking infrastructure that enables them to scale effectively. As the bank expands its presence across Europe, it is continuing to build out its offering and infrastructure to provide products and services to clients that enable them to grow. Bybit EU selected ClearBank Europe due to its innovative cloud-based technology, which enables nimble onboarding and robust security measures, as well as its deep experience in the digital asset space. ClearBank Europe established the banking services relationship during Bybit EU's pre-registration phase. Following receipt of its Markets in Crypto-Assets (MiCA) licence, Bybit EU was then able to launch its platform and serve European customers. The partnership with ClearBank Europe has provided the banking infrastructure supporting Bybit EU's launch in the region, with the exchange now actively pursuing an Electronic Money Institution (EMI) licence to expand its offering. It is also preparing to use ClearBank Europe's services to support its entry to the UK, as well as exploring further opportunities to enter additional markets. Tristan Kirchner, CEO at ClearBank Europe, said: "Our partnership with Bybit EU reflects both our deep knowledge of the digital asset sector and the strength of ClearBank Europe's offering. We supported Bybit EU's launch in the region with secure, scalable banking infrastructure designed to meet the needs of fast-growing firms operating in complex markets. We're excited to be working together as Bybit EU expands its presence across Europe and explores new opportunities for growth." Georg Harer, Co-CEO at Bybit EU said: "ClearBank Europe has supported us from an early stage as we built our operations in Europe. The strength of its infrastructure and processes has helped us establish the banking services we needed to get up and running. We look forward to deepening this partnership as we continue to grow across the region."

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