ClearBank UK Profitability Hits New Heights as Fintech Marks a Decade in Business
Ten years in, and ClearBank is not slowing down. The British embedded banking and real-time clearing firm has released its full-year financial results for 2025, announcing its third consecutive year of ClearBank UK profitability, a milestone that puts it firmly in the conversation as one of the UK’s most resilient fintech success stories.
Group-level normalised revenue climbed 34 per cent year-on-year to £121.6 million, driven by strong growth in fee income and transaction volumes. In the UK specifically, normalised revenue grew 32 per cent to £117.7 million, supported by demand across embedded banking, agency banking, foreign exchange, and multi-currency services.
The profit story is equally compelling. UK pre-tax profit surged 53 per cent to £12.2 million, up from £8.0 million in 2024, and the bank’s financial strength was further cemented when S&P awarded it an Investment Grade (BBB-) credit rating.
Perhaps the most eye-catching figure in the results is deposits. Total deposits managed by ClearBank surged 65 per cent to £17.8 billion by year-end, a figure the company says surpasses the deposit amounts held by established neobanks Monzo and Starling. That is a bold statement, and the numbers back it up. Payment scheme transaction volumes jumped 57 per cent, with 262 million payments processed during the year, while fee-based income grew 51 per cent to £88 million.
The shift toward fee income is deliberate. On an IFRS basis, net fee income accounted for 46 per cent of total Group revenue in 2025, a move that reduces dependence on interest rate swings and boosts long-term revenue predictability.
Client growth tells a similar story of momentum. ClearBank served 279 clients in 2025, adding 61 new clients across the year and expanding its embedded banking partners from six to nine. Among its key embedded banking wins, savings accounts went live with LemFi and Coinbase, while Capital on Tap reached £1 billion in deposits held with ClearBank within just 12 months of its UK savings product launch. Meanwhile, Tide, running on ClearBank’s embedded banking platform, expanded its reach to nearly 800,000 SMEs.
Across the Channel, ClearBank’s European arm is still in investment mode. The Group posted a statutory pre-tax loss of £16.7 million at the group level, reflecting deliberate spending to scale ClearBank Europe through its first full year since receiving a banking licence in July 2024. The European division onboarded 21 new clients in 2025, ended the year with €44 million in customer deposits, and successfully passported its services into 21 EU countries by early 2026. A new Paris branch was also opened to drive French market growth.
Group CEO Mark Fairless described 2025 as a year of both delivery and deliberate investment. “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,” he said. Group CFO David Samper added that the results reflect a model that is “both resilient and repeatable,” pointing to ClearBank UK’s Investment Grade rating from S&P as further validation.
With ClearBank UK profitability now a three-year streak and European expansion firmly underway, the bank’s second decade looks set to be just as consequential as the first.
