Clear Junction Named as One of Europe’s Fastest Growing Companies

Infrastructure
19.03.2024 09:15 am

Clear Junction, a global leader in cross-border payments for regulated financial institutions, is celebrating its rapid growth with the announcement that it has been recognized in the 2024 FT 1000 – a ranking of Europe’s fastest-growing companies.

Renowned for its compliance strengths and its ability to use its proprietary tech for new use cases like its digital asset escrow service and stablecoin payments, Clear Junction is also announcing a rebrand in recognition of the trust it is gaining from players across the banking, fintech and payments ecosystem.

The eighth annual FT 1000, compiled by the Financial Times and data provider Statista, identifies and highlights the fastest-growing enterprises in Europe based on the highest compound annual revenue growth rate over the period 2019 to 2022.

The rankings reflect those entities building a sustainable growth pace and thriving amid an uncertain macroeconomic situation punctuated by military conflicts, high interest rates, and rising costs. The minimum average growth rate required to be included on the list was 36.9%. Clear Junction achieved a 140.5% average growth rate during the assessed period.

Out of the 1000 companies recognized, Clear Junction stands proudly in the 129th position, reflecting its impressive growth in recent years. Over five years, Clear Junction’s annual revenue skyrocketed to over €20 million, and it is forecast to further increase in the coming years.

Along with snowballing revenues, Clear Junction proudly serves in over 100 countries and territories, processes over €50 billion volume of payments every year, is trusted by over 300 clients globally, supports more than 10 million end customers with its virtual IBANs, and employs more than 130 employees – a 20% growth from last year.

Dima Kats, CEO and Founder of Clear Junction commented: “Since its inception, Clear Junction’s unwavering commitment to the highest standards of trust, integrity, and compliance has been instrumental in delivering the innovative payment solutions that underbanked institutional entities deserve. To be included as one of the FT0 Europe’s Fastest Growing Companies in 2024 is a public and credible acknowledgment mission and our success in building sustainable and organic growth momentum through 2024 and beyond.

“Clear Junction is one of only a few providers holding a crypto-crypto assertion and EMI license UK, which puts us in a uniquely strong position for meeting the challenges that the future will bring to the payment industry, enabling us to be the one-stop shop for clients to manage their payment and treasury needs globally. That’s why the time is now right for us to rebrand with a new identity that aligns us more closely with the market demands we are uniquely able to fulfill the company’s rebrand, Clear Junction’s Head of Marketing, Tatiza Gondim, commented: “After much hard work across the company, we’re pleased to unveil our new brand. Clear Junction has a growing reputation for ensuring the highest adherence to regulatory compliance obligations and data security standards. We needed a fresh brand that reflects that growth, reliability, solidity, and fluidity.

“Moreover, this rebranding initiative is a testament to how much our team’s understanding of market dynamics and customer expectations has enabled us to create a brand that is not only visually appealing but also resonates with our core audience. It’s not just about a new look; it’s about embodying the values and promises we commit to our clients.”

Clear Junction has been on an upward trajectory since its inception. Other momentum highlights over the past 18 months include

The launch of its Delivery versus Payment (DVP) ‘escrow’ solution, digital asset trading exchanges and their customers the confidence to safely transact with crypto and convert it into fiat money at competitive FX rates.
With the UK government recently announcing that cyber threats should be considered key business risks, Clear Junction Group achieved certification with the ISO 27001 data security standard, a clear testament to the safety of its platform and processes.
Clear Junction implemented its Confirmation of Payee (CoP) a year ahead of the mandated deadline to boost payment security and minimize risk for its clients and their customers.
In light of increased institutional demand for safe fiat-crypto trading capabilities, Clear Junction also acquired UK-regulated cryptoasset firm Altalix (now rebranded as Clear Junction Digital). This strategic move enables clients to offer fiat conversion into cryptocurrencies and stablecoins for their end users.
In February 2024, Clear Junction Group also joined the UK Cryptoasset Business Council (UKCBC) to support and empower the growth of the crypto ecosystem.

With these combined capabilities and service strengths, Clear Junction has helped underbanked financial institutions to expand into new service offerings and geographic markets, in full compliance with all local and global regulations for sustainable growth.