Clear Street provides a modern, cloud-native platform for institutional investors and family offices. The company achieved 500% increase in institutional clients and 300% growth in daily transactional volume by April 2023.
Cyborg Score Rationale
Clear Street demonstrates strong market traction with significant institutional adoption and multi-asset class expansion. However, competitive pressures from established players and API-based platforms present challenges to sustained growth.
Top Insights
Series B funding of $685 million raised by December 2023, valuing company at $2.1 billion.
Acquired React Consulting Services' futures clearing platform (BASIS) in July 2023 to strengthen infrastructure capabilities.
Launched in United Kingdom following FCA approval and joined London Metal Exchange.
Expanded offerings to include capital introduction, repurchase agreement services, and enhanced securities lending capabilities throughout 2022-2023.
Named Competitors
Alpaca — API-based trading platform for fintech and crypto
Tradier — Brokerage and API platform for stock, options, and futures
Treasury Prime — Embedded banking API platform
Recent Developments
(December 2023) Series B funding increased to $685 million with $2.1 billion valuation