ClearBank 2025 results – Third consecutive year of UK profitability
ClearBank, the enabler of real-time clearing and embedded banking which is celebrating its 10th year, today released its financial results for the year ended 31 December 2025 and its 2025 Annual Report.
In the UK, ClearBank reported another year of strong performance, delivering its third consecutive year of profitability and continued growth in fee-based income. UK normalised revenue grew 32% to £117.7m in FY 2025, supported by strong demand across embedded banking, agency banking, FX and multi-currency services. UK pretax profit rose 53% to £12.2m, up from £8.0m in FY 2024.
At Group level, normalised revenue increased 34% year-on-year to £121.6m, reflecting strong growth in fee income and transaction volumes. This performance underlines the Group’s continued shift towards high quality, recurring income streams that are less sensitive to interest rate movements.
Key 2025 highlights:
- Major growth in customer balances and transaction volumes: ClearBank, which provides over 17 million bank accounts (up from 13 million in 2024), increased its customer balances by 65% to £17.8bn in 2025 (compared to £10.8bn in 2024). The business also recorded a 57% increase in payment scheme transaction volumes, processing 262 million payments throughout the year (up from 167 million in 2024).
- ClearBank now serves 279 clients: The Group added 61 new clients to its portfolio in 2025, including its first corporate embedded banking partner, PayCaptain.
- European business scales in its first full year: ClearBank Europe grew its client base to 28 clients in 2025, onboarding 21 new clients.
- Growth in high-quality revenue: An increase in embedded banking clients, agency clients and volumes resulted in statutory net fee income growth of 38%, including recurring platform fees. This fee income growth is independent of market interest rates, which supports the quality, stability and sustainability of the business model.
Alongside strong UK profitability, the Group continued to invest in scaling ClearBank Europe and expanding the platform. The statutory pretax loss of £16.7m reflects planned investment to accelerate growth, strengthen core capabilities and enable sustainable growth to support ClearBank’s expanding European footprint.
Embedded banking: deepening with existing clients and expanding into corporates
Embedded banking was a major driver of revenue and deposit growth. ClearBank increased its partners from six in 2024 to nine, with savings accounts going live with LemFi and Coinbase. The bank deepened its work with Revolut and supported continued growth at Capital on Tap, which ended January 2026 with £1bn of deposits held with ClearBank, achieved within 12 months of the savings product’s UK launch. Tide, which utilises ClearBank’s embedded banking platform, now serves nearly 800,000 SMEs.
ClearBank also launched corporate embedded banking in 2025, expanding beyond its core financial services market. The launch of savings accounts with PayCaptain marked ClearBank’s first corporate embedded banking partner.
UK performance: profitable growth underpinned by platform scale
ClearBank’s UK business continued to grow across embedded banking, agency banking, FX and multi‑currency services. The business reported substantial growth in customer balances and payment scheme transaction volumes, driven by increased adoption across its client base and continued scaling of platform activity.
This strong performance, exceptional operational resilience and capital strength was further underlined by ClearBank UK achieving an Investment Grade (BBB-) credit rating from S&P.
European momentum: scaling in the first full year of operations
ClearBank Europe accelerated in its first full year of operations following the award of its banking licence in July 2024. The European business onboarded 21 new clients in 2025, taking the total to 28, and closed the year with €44 million in customer deposits and monthly payment scheme transaction volumes surpassing 1 million.
ClearBank also opened a new branch in Paris to drive growth in France. By the end of 2025, the business had passported into multiple markets, with coverage across 21 European Union countries as of early 2026.
High quality fee income: strengthening revenue resilience
2025 saw continued growth in high quality, recurring fee income. On a statutory basis, prepared in accordance with IFRS, net fee income represented 46% of total Group revenue in 2025. This growth reflects increased platform usage across payments, FX and multi-currency services, as well as rising embedded banking activity. The shift towards fee income strengthens the long-term resilience of the business model by reducing exposure to interest rate movements and increasing the predictability of revenues over time.
Mark Fairless, Group CEO of ClearBank, said: “2025 was a year of significant growth, but also one of investing for the future success of the group as we expand our propositions and geographic footprint for 2026. We have built unrivalled infrastructure and are scaling it efficiently across new propositions, new jurisdictions and new segments, with the foundations laid for the next phase of our expansion.
“Our UK business profitability has enabled us to further invest for the future while delivering for our clients each and every day. Existing clients are increasingly doing more with us, and we are onboarding new clients rapidly. We are laser-focused on our purpose – to unlock the potential of our clients, and I’m confident we’ll see all the steps taken in 2025 translate to an even more positive 2026.”
David Samper, Group CFO of ClearBank, said: “Our performance this year reflects a business delivering exactly what we said it would. Strong growth and profitability in our core UK business, continued scaling and maturation in Europe, and ongoing product innovation demonstrate a model that is both resilient and repeatable, reinforced by ClearBank UK achieving an Investment Grade credit rating from S&P.
“Our operational resilience remains a defining strength and the European business is moving firmly into delivery mode, quadrupling our client portfolio and setting the pathway for further growth.”