ClearBank, a provider of real-time clearing and embedded banking solutions, has marked its tenth anniversary with another seemingly solid performance, securing its third straight year of profitability in the UK. The company reported robust expansion in 2025, driven by higher fee-based earnings and a sharp rise in transaction activity, even as it ramped up investments to fuel international growth.
ClearBank pointed out that for the year ended December 31, 2025, the group’s normalized revenue climbed 34 percent to £121.6 million.
Within this, fee-based income surged 51 percent and now accounts for three-quarters of total revenue, highlighting a deliberate shift toward more stable, recurring streams that are less exposed to interest-rate fluctuations.
Statutory net fee income rose 38 percent, making up 46 percent of overall group revenue.
However, the group posted a statutory pretax loss of £16.7 million, which management attributed to deliberate spending on platform enhancements, European scaling, and long-term capability building.
The UK operation remained the engine of profitability. Normalized revenue there advanced 32 percent to £117.7 million, while pretax profit jumped 53 percent to £12.2 million from £8.0 million the previous year.
Customer deposits across the group reached £17.8 billion by year-end, a 65 percent increase from £10.8 billion in 2024.
Payment scheme transaction volumes grew even faster, rising 57 percent to 262 million payments processed, up from 167 million.
The platform now supports more than 17 million bank accounts, compared with 13 million a year earlier.
ClearBank Europe, operating in its first full year after receiving its banking license in July 2024, made solid headway.
It ended the period with €44 million in customer deposits and monthly payment volumes exceeding one million transactions.
The business added 21 new clients, bringing its total to 28, and expanded its footprint by opening a branch in Paris while securing passporting rights across 21 EU countries.
It also became the first Dutch credit institution to complete the MiCAR notification process for digital asset services. Client numbers continued to climb.
The group onboarded 61 new partners in 2025, reaching 279 clients overall.
Embedded banking partners rose from six to nine, with savings account offerings going live for clients including LemFi and Coinbase. Capital on Tap, using ClearBank’s savings product, hit £1 billion in deposits within 12 months of launch.
Tide, another key partner, now serves nearly 800,000 small and medium-sized enterprises.
The company also welcomed its first corporate embedded banking client, PayCaptain, broadening its reach beyond traditional financial services.
Group CEO Mark Fairless described 2025 as a pivotal year of both expansion and forward-looking investment.
He noted that the UK’s consistent profits have provided the financial flexibility to strengthen infrastructure, deepen existing relationships, and accelerate entry into new markets and customer segments.
CFO David Samper shared comments as well, pointing to the resilience of the business model, the achievement of an investment-grade BBB- credit rating from S&P for the UK entity, and the European unit’s rapid maturation. ClearBank plans to translate its 2025 foundations into accelerated growth in 2026.