ClearBank moves into new London HQ as it reaches £18bn in deposits held
ClearBank, the enabler of real-time clearing and embedded banking, has today announced the opening of its new London headquarters at Broadgate Tower in the City. The move represents an important step for the fintech, which now holds £18bn in customer deposits as it continues to scale and expand its footprint.
The new headquarters, opened by Lucy Rigby KC MP, Economic Secretary to the Treasury, reflects ClearBank’s expanding role at the heart of the UK and European fintech ecosystem and underlines sustained demand for its real-time clearing, embedded banking and cloud-native infrastructure. This further highlights ClearBank’s strong UK foundations and long-term commitment to both the UK and European markets at a critical moment for financial infrastructure innovation.
London remains one of the world’s leading financial hubs, attracting global fintech scale-ups and institutional innovators alike, and serving as a natural springboard for broader European growth. Its new office will serve as a hub for ClearBank’s growing team and deepen collaboration with clients and partners.
ClearBank employs 700 people and powers major brands such as Revolut, Coinbase and Wealthify. This move builds on a pivotal 12 months for the bank, after it launched its embedded banking, payments and clearing services to corporate businesses, as well as appointing new senior leaders, including Tristan Kirchner as CEO of ClearBank Europe, Neil Drennan as CTO and David Samper as Group CFO, to spearhead the next phase of its growth.
ClearBank provides unique security for clients by holding customer deposits with central banks, offering maximum liquidity and minimum credit risk. ClearBank’s model provides the safety and reassurance of a fully regulated bank while having the agility and tech-first model of a nonbank provider. The business continues to invest in technology, operational resilience and regulatory readiness to support growing demand across payments, digital assets and embedded finance in the UK and Europe.