ClearBank

Assessment

ClearBank is used by fintechs, payments companies, banks, and building societies that need their own customers to hold accounts and move money without building a bank. Tide, Revolut, Capital on Tap, LemFi, and Coinbase all run accounts or savings on its platform. It sells to regulated firms on negotiated terms with no public price list, so it is an enterprise purchase, and its closest competitors are Modulr, Banking Circle, Griffin, and Form3 for scheme connectivity.

The bank was co-founded in 2015 by Charles McManus and has been led by Mark Fairless, its former finance chief, since March 2025. For 2025 it reported group normalised revenue of about $162.6M, up 34%, a UK pretax profit of about $16.3M, and a group statutory pretax loss of about $22.3M as it invested in Europe. It provides more than 17 million accounts, holds about $23.8B in customer balances, and processed 262 million payments in the year.

It fits a regulated firm that wants deposit protection and direct access to UK and EU payment schemes from one bank partner. It is a weaker fit for an early startup that wants self-serve sign-up and published pricing, and its European arm is still young, with 28 clients and about $49.3M in deposits at the end of 2025.

Rating by criterion

We score each of the eight criteria out of 100.

Sector criteria

Vendor criteria

Against its peers

These are the other companies in payments and acquiring, with their ratings.

User comments

ClearBank sells to regulated firms, so there is little public buyer feedback. We read its 2025 results and client news to see what buyers value, and set them against the main limit a buyer meets.

• Upside

  “ClearBank reports that clients are doing more with it, with embedded banking partners up from six to nine and Capital on Tap reaching about $1.3B of deposits within 12 months of launching savings, which points to clients that stay and grow.”

• Downside

  “Pricing is private and onboarding is a bank-grade review, so a small fintech should expect a longer sales process than with a self-serve payments provider.”

Where customer reviews couldn't be found, our analysts attempted to give a voice to buyer sentiment, drawing on real information from review sites, forums and product documentation.

Based on: ClearBank, 2025 results; ClearBank, company page.

Fact file

Competitive landscape

Banking-as-a-service and clearing providers a fintech would compare with ClearBank.

• ClearBank76
• Modulr77
• Form376
• Thredd74
• Banking CircleNot reviewed
• GriffinNot reviewed

Comparisons

• Modulr vs ClearBank

Key leadership

• Mark Fairless

Mark Fairless has been chief executive of ClearBank since March 2025, after two years as its chief financial officer. Co-founder Charles McManus remains on the Group Board.

How this review was created

This profile gives our own assessment of ClearBank to companies selecting a Payments & acquiring provider. The Fintech Index receives nothing for featuring a firm, for sponsorship, or for advertising, and ClearBank gave us no payment for the profile.

The rating equals the average of eight criteria, with every criterion running from 0 to 100. Four address buyer needs in this sector, and four address the company together with its commercial terms.

Ratings are our editorial judgment, made from public information: pricing and legal pages, product documentation, compliance disclosures, public reviews and filings. Fact-checking took place on October 30, 2026. Figures reported in pounds and euros were converted to US dollars at the Federal Reserve H.10 rates of $1.3375 per pound and $1.1199 per euro on October 23, 2026.