ClearBank: Reaches profitability as revenue climbs to over £45m

ClearBank: Reaches profitability as revenue climbs to over £45m

• ClearBank Ltd., is the enabler of secure accounts, real-time clearing, and Embedded Banking for financial institutions
• The Embedded Banking provider secured £45.4m revenue in YTD to October 2022
• 2022 revenue growth is being driven by increased transaction volumes, new customer sales, interest income
• Now supports over 200 financial institutions, including Chip, Raisin, and Recognise Bank
• Growth has been driven primarily by growing transaction volumes, new customers, interest income
• Also launched its international proposition which includes multicurrency accounts and international payments