Coinbase partner ClearBank achieved its first full profitable year, with revenue growth of 91%

According to the financial statements released on Thursday, UK fintech company ClearBank achieved a pre tax profit of £ 18.4 million ($23.3 million) for the year ended December 31, 2023, while losing £ 7.1 million in 2022. This is the first time the company has achieved full year profitability. ClearBank provides payment services to companies such as Coinbase. ClearBank's total revenue increased by 91% year-on-year, reaching £ 111.3 million.