ClearBank deposits have rocketed 65% to £17.8bn in 2025—a sign the UK’s infrastructure-focused bank is becoming the go-to partner for fast-growing fintechs. With Revolut, Coinbase, and Tide all leaning on its plumbing, the bank is proving there’s serious money in the unglamorous business of doing other people’s banking for them. Better still? Profits are soaring.
The Numbers Tell a Winning Story
ClearBank’s 2025 results are hard to ignore. Fee income jumped 38% year-on-year to £60.9m, while interest income climbed 6% to £71m. On the bottom line, UK pre-tax profit surged 53% to £12.2m, and overall revenue hit £128.4m—a respectable 17% bump. CEO Mark Fairless said the bottom-line results were “ahead of our expectations,” which in finance-speak means things went better than planned.
This isn’t just spreadsheet glamour. ClearBank just onboarded two heavyweight clients—LemFi and Capital on Tap—whilst Coinbase launched its first integrated fiat savings account directly via ClearBank’s infrastructure. That’s the kind of validation that matters in fintech.
Why Fintechs Can’t Get Enough
The growth is no accident. ClearBank’s core proposition is simple: it gives fintechs and embedded finance companies the banking rails they need without the regulatory friction of building it themselves. Since 2017, it’s been quietly building relationships with Revolut, Tide, TrueLayer, and others. These partnerships are now firing on all cylinders.
The momentum even extends beyond traditional fintech. ClearBank recently launched an embedded banking proposition for non-financial businesses—a bet that every company, from SaaS platforms to logistics firms, will soon want to offer financial services natively. It’s a smart move for capturing the next wave of fintech adoption.
The European Headwind (and Why It Matters Less)
Not everything is rosy. ClearBank’s European operations posted €15.1m in losses (£13.4m) against costs of £15.8m. That’s a drag on group-level profitability, but CEO Fairless signalled the company expects to reach group-level profitability in the “near to medium term.” Translation: they know it’s a problem and have a plan to fix it.
For now, the UK business is carrying the water. UK revenue of £128.4m and the £12.2m profit are more than enough to offset continental struggles whilst the bank invests in European growth. It’s a classic scaling playbook—dominate at home, then expand.
What’s Next?
With deposit momentum accelerating and strategic partnerships deepening, ClearBank is positioning itself as the backbone of UK and European fintech. The Coinbase fiat savings integration, fresh clients like LemFi, and the new embedded finance proposition all suggest the bank is expanding its moat. If they can sort profitability across the group—and Fairless sounds confident they will—this fintech infrastructure play has more runway left.
The Bottom Line
The fintech boom has created endless demand for reliable banking pipes. ClearBank is proving it’s the supplier fintechs trust most. Watch this space—the unsexy backbone of fintech is quickly becoming one of the sector’s biggest winners.
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FAQ
Q: What exactly does ClearBank do?
A: ClearBank provides banking infrastructure and payment processing to fintechs and embedded finance companies. Rather than building their own banking rails, clients like Revolut and Coinbase use ClearBank’s technology and compliance framework to offer financial services.
Q: Why did deposits jump so much?
A: The 65% deposit increase reflects growing client activity—especially from larger fintechs like Revolut and Coinbase—plus onboarding new customers like LemFi and Capital on Tap. More clients means more deposits sitting on the platform.
Q: Is ClearBank actually profitable?
A: In the UK, yes—£12.2m pre-tax profit in 2025. The European operation is still loss-making, but CEO Mark Fairless expects the group to reach profitability “in the near to medium term.”
Q: What does the Coinbase deal mean?
A: Coinbase launched its first integrated fiat savings account via ClearBank’s infrastructure. It’s validation that ClearBank is trusted by major fintech players and signals growing adoption of embedded finance.
Q: Should I care about this as a customer?
A: If you use Revolut, Tide, or Coinbase, you’re already indirectly using ClearBank’s infrastructure. The stronger ClearBank grows, the more reliable these services become.
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