ClearBank - About the company
ClearBank is a series E company based in London (United Kingdom), founded in 2015 by Nick Ogden and Charles Mcmanus. It operates as a Provider of cloud based banking infrastructure and real time payments. ClearBank has raised $477M in funding from Apax and PPF Group, with a current valuation of $*****. The company has 641 active competitors, including 184 funded and 98 that have exited. Its top competitors include companies like PayPal, Razorpay and Oracle.
Company Details
Provider of cloud based banking infrastructure and real time payments. This entity offers regulated accounts and payment processing capabilities through an application programming interface. Financial institutions utilize these systems to manage accounts and facilitate the movement of funds. The infrastructure supports the integration of banking services into various financial platforms.
- Website
- clear.bank
- Social
- Email ID
- *****@clear.bank
- Phone Number
- +44 **********
Key Metrics
Founded Year
2015
Location
London, United Kingdom
Stage
Series E
Total Funding
$477M in 7 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jan 13, 2020
Ranked
34th among 641 active competitors
Annual Revenue
£111M as on Dec 31, 2023
Employee Count
718 as on Apr 30, 2026
Legal entities associated with ClearBank
ClearBank is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ClearBank Ltd CIN: 09736376 , United Kingdom, Active | Aug 16, 2015 | $139M (As on Dec 31, 2023) | 238 (As on Dec 31, 2020) | |
CLEARBANK GROUP HOLDINGS LIMITED CIN: 14254435 , United Kingdom, Active | Jul 24, 2022 | - | - | |
CLEARBANK LIMITED CIN: 9736376 , United Kingdom, Active | Aug 16, 2015 | - | - |
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ClearBank's funding and investors
ClearBank has raised a total funding of $477M over 7 rounds. Its first funding round was on Feb 28, 2017. Its latest funding round was a Series E round on Mar 19, 2022 for $*****. 2 investors participated in its latest round. ClearBank has 4 institutional investors and 17 angel investors.
Here is the list of recent funding rounds of ClearBank:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 19, 2022 | 2275570 | Series E | 1034866 | 3256335 | 1640349 | 1432389 |
Sep 23, 2020 | 2542323 | Grant (prize money) | 6848962 | 4238580 | 2354901 | |
Jan 13, 2020 | 5557756 | Series D | 1923907 | 4013106 | 9676900 | 8783381 |
Access funding benchmarks and valuations. Sign up today!View details of ClearBank's funding rounds and investors
ClearBank's founders and board of directors
Founder? Claim ProfileThe founders of ClearBank are Nick Ogden and Charles Mcmanus.
Here are the details of ClearBank's key team members:
- Nick Ogden: Founder and Main Board Director of ClearBank and founder of 1 other company. They serve on the board of 1 company.
- Charles Mcmanus: Co-Founder of ClearBank. They serve on the board of 1 company.Contact Info: 1 email address
ClearBank's Board of Directors
ClearBank's board has 9 active members. Nick Ogden, Charles Mcmanus, Jonathan Nicholas Ogden, David Gagie and James Hopkinson are part of team and Mel Gerard Carvill, Philip John, Catherine Martina Doran and Shonaid Christina Ross Jemmett-Page are independent board members.Here is the list of ClearBank's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 10y 8m | |
Team | - | Current | 10y 4m | |
trlziaf | Team | - | Current | 7y 3m |
ruvzftb | Team | - | Current | 1y 2m |
pr{luz{ | Team | - | Current | 4y 2m |
tfadlhq | Team | - | Past | 7y 3m |
Independent board member | - | Current | 10y 0m | |
lxjq{uc | Independent board member | - | Current | 6y 3m |
icyxwcw | Independent board member | - | Current | 2y 4m |
uvj{tmk | Independent board member | - | Current | 6y 5m |
zsiwymy | Independent board member | - | Past | 9y 1m |
View details of ClearBank's Founder profiles and Board Members
ClearBank's employee count trend
ClearBank has 718 employees as of Apr 26. Here is ClearBank's employee count trend over the years:
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ClearBank's Competitors and alternates
Top competitors of ClearBank include PayPal, Razorpay and Oracle. Here is the list of Top 10 competitors of ClearBank, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  PayPal 1998, United States, Public | Provider of online payment solutions, money transfers, and virtual wallets | $216M | 87/100 | |
2nd | Provider of payment and business banking solutions for enterprises | $742M | 86/100 | ||
3rd | Oracle 1977, Austin (United States), Public | Hybrid cloud infrastructure platform | - | 83/100 | |
4th |  Cross River Bank 2008, Fort Lee (United States), Series D | Provider of an open banking API solutions for financial institutions | $898M | 79/100 | |
5th | Broadcom 1991, California (United States), Public | Platform offering data center fiber optic networks | - | 78/100 | |
6th |  TrustArc 1997, Walnut Creek (United States), Acquired | Cloud-based data privacy and compliance solutions for businesses | $107M | 78/100 | |
7th |  Jumio 2010, Sunnyvale (United States), Acquired | Provider of AI-powered identity verification solutions | $196M | 77/100 | |
8th | Provider of open banking platform offering payment services and data enrichment | $359M | 77/100 | ||
9th |  Chainalysis 2014, New York City (United States), Series F | Blockchain data platform providing crypto insights | $538M | 77/100 | |
10th |  Alteryx 1997, Irvine (United States), Acquired | Cloud based suite of data analytics solutions | $163M | 77/100 | |
34th | ClearBank 2015, London (United Kingdom), Series E | Provider of cloud based banking infrastructure and real time payments | $477M | 67/100 |
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ClearBank's Investments and acquisitions
ClearBank has made no investments or acquisitions yet.
Reports related to ClearBank
Here is the latest report on ClearBank's sector:
News related to ClearBank
Filter this listMedia has covered ClearBank for a total of 39 events in the last 1 year, 16 of them have been about partnerships and 15 about company updates.
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ClearBank Reports Third Year of UK Profitability as Revenue SurgesCrowdfund Insider•Apr 17, 2026•ClearBank
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ClearBank Accelerates European Expansion With Appointment of Former Uber Executive as EU CEOFintech Finance•Feb 19, 2026•ClearBank, Uber
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ClearBank Appoints Neil Drennan as CTO & Joins UK’s PRA and FCA Scale-Up UnitCrowdfund Insider•Feb 06, 2026•ClearBank
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ClearBank Selects Taurus to Underpin Stablecoin Push as Sector Moves from ‘Hype to Hegemony’The Fintech Times•Feb 02, 2026•ClearBank, Taurus
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Volt and ClearBank Partner to Enhance Merchant Payment Solutions in the UK and EuropeCrowdfund Insider•Jan 30, 2026•ClearBank, Volt
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PhotonPay Expands UK Local Payment Rails via Collaboration with ClearBankGlobal Fintech Series•Jan 15, 2026•PhotonPay, ClearBank
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