ClearBank
Summary
Founded in London in 2015 by Nick Ogden, ClearBank is redefining clearing and embedded banking as the UK’s first new clearing bank in over 250 years. Its cloud-native, API-first platform provides direct access to major UK schemes and European connectivity, enabling real-time settlement and embedded accounts at scale. Serving 250+ institutions including Revolut and Tide, it processes over 20M monthly transactions with FSCS-protected deposits held at the Bank of England. Profitable since 2023 with £11B+ in deposits, ClearBank is expanding internationally, positioning itself as the neutral, resilient infrastructure layer powering the future of global banking.
Our Partnership
Partnering with ClearBank during a pivotal stage of international expansion, we have been working with the leadership team to strengthen and scale its senior bench. Our collaboration has focused on ensuring the business has the product and leadership capabilities required to deliver on its vision of building the defining infrastructure layer for global banking. By supporting the expansion of ClearBank’s executive team, our partnership is helping the company accelerate innovation, deepen its international presence, and reinforce its position as the neutral, cloud-native platform powering the next generation of clearing, payments, and embedded financial services.
Key Activities
20M+
Monthly transactions
250+
Institutions in client base
£175M
Investment secured from Apax Digital