ClearBank raises $229 million marking expansion push | Headlines | News
Summary
Banking platform ClearBank said on Friday that it had raised $229 million, marking its push to expand internationally. The ‘bank of banks,’ which has partnered with crypto giants such as Coinbase and Gemini, said the round was led by funds advised by Apex Digital, the growth equity arm of Apax. Existing investors, CFFI UK Ventures (Barbados) Ltd and PPF Financial Holdings BV, also participated, it said in a release. ClearBank CEO Charles McManus declined to offer details of its valuation but said in an interview with The Block that major shareholders from CFFI and PPF now control 82% of the company. "We are focusing on growing the business so that the valuation will take care of itself," he said.
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