ClearScore, a global FinTech and data-driven financial marketplace, has secured £30m in debt financing from HSBC Innovation Banking UK to support its expansion across domestic and international markets.

The funding continues a long-standing partnership between ClearScore and HSBC Innovation Banking UK, which began in 2017. Over the past eight years, HSBC has played a key role in financing ClearScore’s global growth, enabling the company to scale and enhance its offerings. Today, ClearScore helps over 24 million users across the UK, South Africa, Australia, New Zealand, and Canada improve their financial wellbeing.

ClearScore provides a financial marketplace that allows consumers to access their credit scores and compare financial products.

The newly secured funding will support ClearScore’s next phase of growth, expanding the range of financial products it offers and increasing the channels through which users can access them.

ClearScore CFO Brian Cole said, “As a profitable FinTech operating at global scale, we have options when it comes to choosing how to invest for the next ten years of growth. This funding allows us to expand the range products we can offer our users and the channels through which we can reach them. HSBC Innovation Banking has been a key strategic partner to enable us to scale at pace and become one of the UK’s leading fintech brands.”

Nick Conway, director of FinTech coverage at HSBC Innovation Banking UK, said, “ClearScore has been a valued long-term partner, and we’re thrilled to have been able to support their growth with this financing. We look forward to continuing our collaboration as they continue to transform the way people manage their financial health. This is a great example of how HSBC Innovation Banking helps our UK FinTech clients achieve their ambitions, scale and build world class, innovation driven businesses.”