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. ClearBank's first profit comes on the back of a near doubling of its total income. ClearBank saw overall revenue jump 91% year over year in 2023 to £111.3 million.

---

Persons: Charles McManus, Coinbase, ClearBank, McManus, We've Organizations: ClearBank, Global Summit, London, CNBC Locations: British