The startup bank is applying for two grants from a new pool of funding offered by the Banking Competition Remedies (BCR). Starling is applying for grants worth GBP 35 million and GBP 25 million to build new products for small and medium-sized businesses. If Starling is successful, it plans to use the money to build tech for more difficult to reach parts of the small business market, such as non-profits and companies with complex ownership structures, according to Yahoo Finance UK.
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