image credit: Adobe Stock

US fintech Clear Street bags additional $270m in Series B funding

April 12, 2023

The new cash injection takes the firm’s total Series B to $435 million following an initial $165 million raise in May last year. The latest investment now values the firm at $2 billion.

Founded in 2018, Clear Street offers a cloud-based prime brokerage platform which enables institutional investors to trade US equities and stock options.

The company aims to replace legacy infrastructure across capital markets and improve “speed, access, and service” for its clients. Its first product, an equity finance platform, processes over $10 billion worth of transactions every day.

Read More on FinTech Futures