ClearScore Closes £30m Debt Financing with HSBC
Deal News | Feb 28, 2025 | UK Tech Funding
This week, UK tech startups saw a total of £95.6 million in investment across seven funding rounds, marking a 22% decrease compared to the preceding week. Notable deals include credit score provider ClearScore securing a £30 million debt financing round with HSBC. ClearScore, headquartered in London and founded in 2014, offers credit reports and access to credit cards and loans. Another major player, AI logistics startup Relay, raised £27 million in a funding round that attracted backers such as Plural, Project A, and Prologis Ventures. Relay, also based in London, launched in 2022 to enhance cost and delivery efficiency through its AI-driven logistics network. Additionally, Audiological Science, a London-based health tech firm founded in 2014, received £12.4 million from YFM Equity Partners, supporting its production of hearing aids and audio health services.
Sectors
- Fintech
- Logistics
- Health Tech
Geography
- United Kingdom – All featured companies, ClearScore, Relay, and Audiological Science, are headquartered in London, UK, reflecting the geographical focus of the funding deals.
Industry
- Fintech – ClearScore operates within the fintech sector, providing financial services like credit reports and access to loans and credit cards.
- Logistics – Relay is part of the logistics industry, utilizing AI technology to enhance the efficiency and cost-effectiveness of logistics services.
- Health Tech – Audiological Science belongs to the health tech industry, focusing on the production of hearing aids and related audio health services.
Financials
- £95.6 million – Total investment tracked in UK tech sector this week.
- £30 million – Debt financing amount for ClearScore by HSBC.
- £27 million – Funding amount for Relay from its investors.
- £12.4 million – Investment amount into Audiological Science by YFM Equity Partners.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ClearScore | Target | Company | A London-based company specializing in credit reports and access to credit financial products. |
| Relay | Target | Company | An AI-powered logistics network company based in London, aiming to reduce delivery costs and times. |
| Audiological Science | Target | Company | A health tech firm specializing in hearing aids and audio health technologies. |
| HSBC | Investor | Company | Global bank providing the £30m debt financing for ClearScore. |
| Plural | Investor | Company | One of the investors backing Relay in its recent funding round. |
| Project A | Investor | Company | Venture capital firm involved in Relay's £27m funding round. |
| Prologis Ventures | Investor | Company | Investment arm of Prologis participating in Relay's venture funding. |
| YFM Equity Partners | Investor | Company | Equity firm investing in Audiological Science's £12.4m funding round. |