ClearBank today announced that it ranked number 14 in the 2022 Deloitte UK Technology Fast 50, a ranking of the 50 fastest-growing technology companies in the UK. Rankings are based on percentage revenue growth over the last four years, where ClearBank grew 2,453 per cent over this period.

ClearBank is the UK’s largest next generation clearing and Embedded Banking platform. The business works with more than 200 financial institutions and fintech customers, providing 13 million accounts that hold £3bn in deposits. ClearBank is the only next generation player with direct access to all bank payment schemes, and the only embedded banking provider delivering bank accounts at scale in the UK.

ClearBank’s CEO, Charles McManus, credits ClearBank’s continued revenue growth to increased transaction volumes, new customer sales, interest from client balances, and the ramp up of its FX and multicurrency proposition.

He said, “To rank on Deloitte’s UK Technology Fast 50 list again, is proof of our continued momentum and the value we offer to our customers. We are proud to partner with and deliver seamless and secure Embedded Banking for award winning financial institutions, powerful fintech disrupters and government bodies alike.”

Lizzie Hill, Technology Partner for the South West, said: “Making the Deloitte UK Technology Fast 50 is a testament to a company’s commitment to technology. With its 2,453 per cent growth rate over four years, ClearBank has proven that its leadership has the vision and determination to grow in competitive conditions.”

She continued: “The exceptional growth of this year’s Fast 50 is a marker of the ongoing strength and resilience of the UK’s technology industry, which continues to thrive despite considerable headwinds. Deloitte’s 2022 Fast 50 awards showcase the talent and innovation in the UK’s technology industry today.”