By: 20 January 2023

ClearBank, founded in 2015, achieved profitability last year, as revenues reached £45m

ClearBank appoints Mark Fairless as CFO

ClearBank, an embedded banking provider, has appointed Mark Fairless as its new chief financial officer.  

Fairless will lead the finance team, be an executive director on the UK board and a member of the executive committee.  

He will work on growing the bank as it seeks to expand globally.  

The London, UK-based bank provides APIs to financial institutions so they can offer their customers regulated banking infrastructure. 

ClearBank, founded in 2015, achieved profitability last year, as revenues reached £45m. 

Fairless joins the bank from M&G, where he was also the chief financial officer. He has more than 17 years of experience in financial services, including positions at Santander UK and Barclays Investment Bank.  

Mark Fairless

Mark Fairless

On his new role, Fairless said: “I believe strongly in the potential of ClearBank to drive innovation within financial services, and of the significant opportunity that lies ahead. 2023 is set to be a hugely important period for the business.” 

Charles McManus, chief executive officer at ClearBank, commented: “Mark joins us at a truly exciting time for ClearBank, as we build on the achievements of 2022 and make progress on our growth ambitions for 2023.  

“Mark will bring a wealth of global knowledge, expertise, and experience to the ClearBank team that will be critical to our future success.” 

Interested in reading more about embedded finance? Read ‘Fast and frictionless: Is embedded finance here to stay?’ now. 

Image: Clear Bank

Josh Poyser
Josh Poyser is an editor at FinTech Intel. He has written about fintech for several years and appeared at FinTech Connect 2023 on the 'Unlocking Success: The Art of Fintech PR' panel.