London would be the “natural destination” for a flotation of ClearScore, the fintech has said, as it weighs a potential listing as early as next year.
The credit checking specialist’s scale and brand recognition in the UK made it the clearer choice for any initial public offering, Justin Basini, who co-founded the company a decade ago, said, making it a rare fintech to explicitly state its preference for London.
ClearScore was valued at $700 million at its last funding round in 2021 and its backers include Invus, the American private equity investor, and QED Investors, the venture capital firm.
The optimum time to list would be once the business had reached sufficient scale and diversification in terms of revenue and profitability, which was likely to
