At ClearBank, we’re delivering the banking and payments infrastructure that unlocks our clients’ potential. In 2025, we laid the foundations for the next phase of our growth, scaled our business in Europe and launched our corporate banking proposition.
We saw a third consecutive year of profitability at the UK bank, reflecting the strength of our model and the growth of our embedded banking partners. This strong performance and capital strength led ClearBank UK to achieve an Investment Grade (BBB-) credit rating from S&P.
A message from our Group CEO, Mark Fairless
2025 was the year we reinforced our purpose of unlocking our clients’ potential and refined our mission – to be the leading global provider of embedded banking and clearing solutions.
66% growth in client deposits
We ended the year with £17.8bn in client deposits, driven by growth in our client base to 279 live clients. In 2025, we deepened relationships with existing clients and welcomed new clients, including some of the industry's leading brands, such as Airwallex, Kraken and PingPong.
58% growth in transaction volumes
We opened a record number of accounts – reaching 17.1m in total, a 33% increase on the previous year – and processed a record volume of transactions. Total payment scheme volumes reached 262m transactions, driven by a significant rise in open banking account-to-account transactions utilising the Faster Payments (FPS) scheme.
72% increase in FSCS-protection deposits
We saw three existing financial services partners go live with our embedded banking services: Revolut, LemFi and Coinbase. We also welcomed our first corporate embedded banking partner, PayCaptain. This, complemented by growth at our existing embedded banking partners, led to a 71% increase in Financial Services Compensation Scheme (‘FSCS') eligible deposits, to £15.9bn.
47% of statutory revenue from fee income
Amid a turbulent macroeconomic environment and declining interest rates, ClearBank continued to advance its financial objective of growing recurring statutory revenue streams. This now represents an increasing proportion of ClearBank’s total revenue – up from 39% in 2024 – reducing our exposure to interest rate volatility.
54% increase in UK bank profits
Our UK bank continued its strong performance, posting its third consecutive year of profitability, generating profit before tax of £12.2m, up 53% from 2024. This was the result of high-quality revenue growth, underpinned by strong fee-based income, rising customer balances and substantial increases in transaction activity.
22 new clients at EU bank
ClearBank Europe accelerated in its first full year of operations, onboarding 21 new clients in 2025, taking the total to 28, and closed the year with monthly transaction volumes surpassing 1 million. We also opened a new branch in Paris to drive growth in France. By the end of 2025, the business had passported into 15 European markets, expanding to 20 since the start of 2026.
Key highlights on our results
Learn more about our performance and financials
David Samper, CFO, ClearBank Group
Highlights and key insights from our financial performance. A year marked by international expansion and significant underlying growth, with improved revenue quality and investment in our scalability.
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