ClearBank has raised £175 million in new equity in an investment round led by Apax Digital, the growth equity arm of Apax. That makes the private equity firm one of three large shareholders – along with long-standing backers CFFI UK Ventures (Barbados) Ltd and PPF Financial Holdings BV, which both also participated in the latest funding round – in the fast-growing wholesale provider of underlying banking and payments services to more than 200 financial institutions.
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