ClearScore, a leading global FinTech and data-driven financial marketplace, has secured £30 million in debt financing from HSBC Innovation Banking UK to accelerate its domestic and international expansion.
This funding marks a continuation of the strategic partnership between ClearScore and HSBC, which began in 2017. Over the past eight years, HSBC has played a vital role in supporting ClearScore’s scalability and innovation, helping it grow into one of the UK’s top FinTech brands. Currently, ClearScore serves over 24 million users across the UK, South Africa, Australia, New Zealand, and Canada, empowering them with tools to improve their financial health.
As a trusted financial marketplace, ClearScore provides consumers with free access to credit scores and a platform to compare financial products.
The latest funding will fuel ClearScore’s next phase of growth, allowing it to expand its financial product offerings and enhance the channels through which users can access these services.
Leadership Insights on the Funding
Brian Cole, CFO of ClearScore, emphasized the company’s strategic approach to long-term growth, stating:
“As a profitable global FinTech, we have various options for investment. This funding enables us to expand our product range and improve accessibility for our users. HSBC Innovation Banking has been instrumental in our rapid scaling and success as a leading UK FinTech brand.”
Nick Conway, Director of FinTech Coverage at HSBC Innovation Banking UK, highlighted HSBC’s commitment to supporting ClearScore’s growth:
“ClearScore has been a valued partner for years, and we are delighted to support their continued expansion. This funding aligns with our mission to help UK FinTech companies scale, innovate, and transform how people manage their financial health.”
This investment further solidifies ClearScore’s position as a global leader in FinTech, reinforcing its commitment to innovation and financial empowerment worldwide.
—————————————————————————————————
About Innovation Streets:
Welcome to InnovationStreets.com! Get the latest insights from the finance and technology industries. Discover industry updates on fintech innovations, regulatory developments, industry insights, events, and collaborations between banks, insurers, and fintechs. A platform for C-level executives to submit thought leadership content for their peers. Subscribe for updates!
