6 years ago

Starling Bank Secures £30 Million Funding, Nears 1 Million Accounts

  • Starling Bank, a UK-based challenger bank, has raised an additional £30 million in funding, led by previous backer Merian Chrysalis

  • The investment will support increased investment in Starling's consumer and SME bank accounts, as well as its B2B banking services, and accelerate expansion into Europe

  • The bank is nearing 1 million accounts opened, and is expected to reach £1 billion on deposit within weeks.

      • ProblemFinancial Services

      "Traditional banks are slow, expensive, and don't offer the features that modern customers need. "

      Solution

      "Starling Bank provides a mobile-first banking experience that is faster, cheaper, and more convenient than traditional banks. They offer a variety of features, including current accounts, savings accounts, and business accounts, all accessible through a user-friendly mobile app."

      Covered on