5 years ago

Starling Bank Secures £40 Million to Fuel Growth and Support SMEs

  • Starling Bank, a UK digital bank, has raised £40 million in a funding round led by JTC and Merian Chrysalis Investment Company Limited

  • This latest investment follows a £60 million raise in February, bringing the total raised in 2020 to £100 million

  • The bank, which launched in 2017, has now raised a total of £363 million

  • Starling Bank will use the funding to continue its rapid growth and support small business customers impacted by the coronavirus pandemic.

      • ProblemFinancial Services

      "Small businesses in the UK are struggling to access the financial support they need, especially during the coronavirus pandemic."

      Solution

      "Starling Bank is providing much-needed support to small businesses by offering them access to loans and other financial services."

      Covered on