Where is my money held and is it safe?

The funds transferred to your Cledara account are held by our financial services provider PayrNet.

If your company is based in the UK, the funds transferred to your Cledara account are held by our financial services provider PayrNet at Starling Bank.

If your company is based in Europe, the funds transferred to your Cledara account are held by our financial services provider PayrNet at Credit Mutual Arkea.

Your money is safe as funds are securely held under a ring-fenced segregated Client Account as per the UK FCA’s Safeguarding Rules. These funds are bankruptcy remote from both Cledara and its financial services provider, PayrNet.

Only you are permitted access to your funds. Cledara cannot take any risk with your money. We can’t lend it out as traditional banks do.

Was this article helpful?
0 out of 0 found this helpful