24 June 2018
Visit www.gemalto.com

Starling embarks on fresh £40 million fundraising round

22 September 2017  |  7108 views  |  0 Starling Bank

UK challenger bank Starling has engaged Quayle Munro to advise on plans to raise a further £40 million in fresh capital as the app-only startup prepares for international expansion.

Starling launched in the UK in March, offering an app-based current account service to UK consumers, and in June received its banking passport into Ireland as its first step to bring the product to market in Europe.

News of the expansion to Ireland came hot on the heels of the release of a product roadmap, which outlined plans to support Apple Pay and Android Pay, joint accounts, goal-based savings features and additional mobile-controlled card security options.

Earlier this month the bank also took the wraps off its banking-as-a-service marketplace model, enabling customers to tap into a menu of third party services from fintech firms direct from the challenger bank's mobile app.

Anne Boden, CEO and founder of Starling Bank says the new cash will power the bank's expansion abroad and diversify its current account product to other areas of the domestic market.

"This funding will help us consolidate our current share of the market and drive our growth both in the UK and internationally," she says. "This is yet another stepping stone in Starling’s mission to realign the retail banking sector in the interest of consumerse.”

Today’s announcement follows Starling’s initial fundraising round that totalled a £48 million investment from quantitative trader and global private investor, Harald McPike.
KeywordsFINDEX

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Flux raises $1.5 million as Starling Bank opens fintech Marketplace

Flux raises $1.5 million as Starling Bank opens fintech Marketplace

12 September 2017  |  9551 views  |  0 comments | 8 tweets | 6 linkedin
Ireland to provide launchpad for Starling flight into Europe

Ireland to provide launchpad for Starling flight into Europe

26 June 2017  |  4783 views  |  0 comments | 5 tweets | 4 linkedin
Starling opens community site and previews product roadmap

Starling opens community site and previews product roadmap

23 June 2017  |  7535 views  |  0 comments | 5 tweets | 5 linkedin
Starling Bank spreads its wings (and crashes)

Starling Bank spreads its wings (and crashes)

16 March 2017  |  6802 views  |  0 comments | 7 tweets | 4 linkedin
Starling Bank secures banking license; to launch in January 2017

Starling Bank secures banking license; to launch in January 2017

14 July 2016  |  12210 views  |  1 comments | 18 tweets | 13 linkedin
Starling secures $70 million investment

Starling secures $70 million investment

11 January 2016  |  11679 views  |  0 comments | 20 tweets | 9 linkedin
Former AIB COO to launch UK digital bank

Former AIB COO to launch UK digital bank

20 November 2014  |  22142 views  |  1 comments | 17 tweets | 14 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://info.nice.com/Visit iliad-solutions.com/

Top topics

Most viewed Most shared
GPS raises £44 million to fund international growthGPS raises £44 million to fund intern...
26651 views comments | 7 tweets | 8 linkedin
Robots save Nordea from GDPR processing nightmareRobots save Nordea from GDPR processing ni...
9401 views comments | 10 tweets | 18 linkedin
BIS: Cryptocurrencies are an environmental disaster that could break the InternetBIS: Cryptocurrencies are an environmental...
8860 views comments | 18 tweets | 23 linkedin
ING and BNP Paribas invest in blockchain-powered trade platform TradeIXING and BNP Paribas invest in blockchain-p...
7394 views comments | 15 tweets | 27 linkedin

Featured job

Six-Figure Base + OTE + Benefits
London, UK

Find your next job