ClearBank, the enabler of real-time clearing and embedded banking, has released its financial results and annual report for the year ending 31 December 2025. Marking its 10th year since launching, the fintech reported its third consecutive year of profitability in the UK, alongside significant growth in payment volumes, deposits, and fee-based revenue.
At the Group level, ClearBank’s normalised revenue increased 34 per cent year-on-year to £121.6million, reflecting a substantial rise in fee income and transaction volumes. In the UK alone, normalised revenue grew 32 per cent to £117.7million, bolstered by strong demand across its embedded banking, agency banking, foreign exchange, and multi-currency services.
UK pre-tax profit rose 53 per cent to £12.2 million, up from £8.0 million in 2024. ClearBank’s strong UK performance, operational resilience, and capital strength were further validated by achieving an Investment Grade (BBB-) credit rating from S&P.
Surging transaction volumes and deposits
Throughout 2025, ClearBank experienced major growth in both customer balances and transaction volumes. Total deposits managed by the bank surged by 65 per cent, reaching £17.8billion by the end of the year—up from £10.8 billion in 2024. According to the firm, this surpasses the deposit amounts currently managed by established neobanks Monzo and Starling.
The business recorded a 57 per cent jump in payment scheme transaction volumes, processing 262 million payments over the course of the year. This surge in volume directly supported a 51 per cent growth in fee-based income, which rose to £88million.
On a statutory basis prepared under IFRS, net fee income represented 46 per cent of total Group revenue in 2025. The shift toward high-quality, recurring fee income strengthens the long-term resilience of the business model by reducing exposure to interest rate fluctuations and increasing revenue predictability.
Embedded banking and client expansion
ClearBank served a total of 279 clients in 2025, adding 61 new clients to its portfolio. This growth was driven largely by expanding its embedded banking partners from six to nine.
The bank achieved several major milestones in its embedded banking offerings:
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It launched corporate embedded banking, securing PayCaptain as its first corporate partner.
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Savings accounts officially went live with LemFi and Coinbase.
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The bank deepened its relationship with Revolut and supported Capital on Tap, which reached £1billion in deposits held with ClearBank by January 2026—achieved within just 12 months of the savings product’s UK launch.
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Tide, utilising the bank’s embedded banking platform, expanded its reach to serve nearly 800,000 SMEs.
Scaling European operations
While the UK operations posted strong profits, the Group reported a statutory pre-tax loss of £16.7million. This reflects a planned investment strategy to accelerate growth and strengthen core capabilities for ClearBank Europe during its first full year of operations since securing a banking licence in July 2024.
The European division successfully onboarded 21 new clients in 2025, bringing its total to 28. It closed the year with €44million in customer deposits and saw its monthly payment scheme transaction volumes surpass one million. Furthermore, the bank opened a new branch in Paris to drive French growth and successfully passported its services into 21 European Union countries by early 2026.
Mark Fairless, group CEO of ClearBank, reflected on the milestone year.
“2025 was a year of significant growth, but also one of investing for the future success of the group as we expand our propositions and geographic footprint for 2026,” Fairless stated. “We have built unrivalled infrastructure and are scaling it efficiently across new propositions, new jurisdictions and new segments, with the foundations laid for the next phase of our expansion.”
David Samper, Group CFO of ClearBank, added: “Our performance this year reflects a business delivering exactly what we said it would. Strong growth and profitability in our core UK business, continued scaling and maturation in Europe, and ongoing product innovation demonstrate a model that is both resilient and repeatable, reinforced by ClearBank UK achieving an Investment Grade credit rating from S&P.”
