Nick Ogden
 

ClearBank

w: Clear.bank.com

t: @Clear_Bank

LI: Clear.Bank

Executive Chairman / Founder: Nick Ogden 

CEO: Charles McManus

Founded: 2016

Keywords: Banking as a service, payment processing, core banking

Who is it for: Fintechs, credit unions, building societies and challenger banks

Total funding: $104m

Latest funding: $79m Grant, Feb 2019: Capability & Innovation Fund

HQ:  London, UK

“Banking as a service for Fintechs.”

ClearBank, the UK’s first clearing bank in more than 250 years, and brainchild of WorldPay founder Nick Ogden, is creating a new level of open competition and transparency within the UK financial services marketplace. ClearBank has a ‘banking as a service’ offering and doesn’t market to consumers, instead focusing on payment processing and core banking services for fintech startups, credit unions, building societies and other challenger banks. 

In 2019, ClearBank added Dozens, SettleGo, TrustPay, Archax and TigerWit as clients, among others; and announced strategic partnerships with Nationwide and OakNorth. In February, ClearBank, in partnership with Tide, was granted £60 million from the RBS Alternative Remedies Package.