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News

Starling Bank raises GBP 30 mln in new funding

Thursday 24 October 2019 14:37 CET | News

UK challenger Starling Bank has raised GBP 30 million in a new funding round led by Merian Chrysalis Investment Company, according to Alex Hamilton from  FinTech Futures.

The new funding will be used to support “increased investment in Starling’s financial retail and SME bank accounts” and boost its expansion into European markets. It brings the total invested in the challenger to GBP 263 million. 

Starling Bank, which launched in May 2017, reports 930,000 accounts, and expects to hit one million “within weeks”.


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Keywords: Starling Bank, funding, SME, expansion, banking, investment
Categories: Banking & Fintech
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Countries: United Kingdom
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