Coinbase partner ClearBank posts first full-year of profit as revenue almost doubles

Charles McManus, CEO of ClearBank, speaks at the Innovate Finance Global Summit in April 2023.ClearBank, a British financial technology firm powering payments for the likes of Coinbase, scored its first full year of profit after higher interest rates helped drive a 91% jump in revenues.The firm swung to an £18.4 million ($23.3 million) pre-tax profit in the year ending Dec. 31, 2023, according to financial statements released Thursday. That's up from a £7.1 million loss in 2022.The bank first reached profit ...