Starling Bank Looks to Raise Fresh Funding for Global Expansion
U.K. challenger bank, Starling Bank, is looking to new funding to expand its mobile-first banking service to additional countries, the company said today.
The new round of funding—the aim is to raise about $54 million, or £40 GBP—will be used to bring the product into European markets, according to the announcement. Ireland seems a logical first step, as Starling received a banking passport for the country in June 2017.
The capital request comes after Starling released plans to support both Apple and Android Pay, new features devoted to saving and consumer security, and the launch of a banking “marketplace.”
The marketplace, unfurled earlier this month, allows Starling users to utilize services from other, third-party fintech services direct from the bank’s mobile app.
