Starling Bank raising another £80M, ends partnership with TransferWise

Starling Bank raising another £80M, ends partnership with TransferWise

6 years ago
Anonymous $CLwNLde341

https://techcrunch.com/2018/05/30/starling-raising/

Starling, the U.K. challenger bank founded by banking veteran Anne Boden, is in the early stages of raising a significant new funding round as part of plans to double down on its newly launched business current account, TechCrunch has learned.

According to a person familiar with the matter, Starling is looking to raise around £80 million in additional capital from new investors. To assist in the process, the company is hiring a new international advisory firm, pointing to an investor search that potentially goes beyond the U.K. and could include large international institutional investors. Up until now, Starling has been funded to the tune of £48 million by hedge fund manager Harald McPike, who, as a result, owns more than 50 per cent of the venture.