ClearBank, the UK’s newest clearing bank in 250 years, has raised £175mn in its latest funding round.
In Brief:
ClearBank offers clearing and embedded banking services.
It currently has more than 200 financial institutions and FinTechs using its services.
The round was led by finds advised by Apax Digital.
What does this mean?
ClearBank aims to use its fresh funds to focus on global expansion – it wants to offer embedded services to financial institutions and non-financial businesses in Europe, North America and APAC.
