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ClearBank Ltd. reaches profitability as revenue climbs to over £45m

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  • The Embedded Banking provider secured £45.4m revenue in YTD to October 2022, reaching monthly profitability for the UK-based bank.
  • 2022 revenue growth is being driven by increased transaction volumes, new customer sales, interest income, and the ramp up of its FX and multicurrency proposition.
  • ClearBank has plans to expand to Europe and the US, beginning with the launch of ClearBank Europe in The Netherlands in 2023.

London, UK, 24th November 2022 ClearBank Ltd., the enabler of secure accounts, real-time clearing, and Embedded Banking for financial institutions, today announced that it has reached profitability. ClearBank Ltd. has generated £45.4m in revenue YTD and from October has reached monthly profitability in the UK.

The fintech bank has nearly tripled its 2022 YTD revenue compared to the same period last year. And FY2021 was the second consecutive year that ClearBank’s revenue grew by over 100%. Growth has…

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