Clear Street Series B funding hits $435m

US FinTech Clear Street has announced $270 million of further investment in its Series B funding round.

The New York-based FinTech, which launched in 2018, offers a prime brokerage platform providing clearing and custody services.

The investment from equity firm Prysm Capital brings the total funding in the round to $435 million after previous Series B investment, led by Prysm Capital and with participation from other investors including NextGen Venture Partners, Walleye Capital, Belvedere, of $165 million.

Building on its aim to build better infrastructure to improve market access, Clear Street is now valuated at $2 billion.

The company said the new funding will help it to expand its reach across new markets and asset classes, accelerate future product offerings, and offer solutions for clients looking to migrate to a single-source platform.

“Over the past year, the number of institutional clients on our platform increased by 500 percent and our daily transactional volume increased over 300 percent,” said Chris Pento, co-founder and chief executive, Clear Street. “We’re excited to keep this momentum with support from our continued partnership with Prysm.”

Matt Roberts, co-founder and partner at Prysm said the company has “tremendous confidence” in Clear Street’s outlook and looks forward to continuing its partnership in the company’s next phase of growth.

    Share Story:

Recent Stories


Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.

Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.