By <a style="color: #4bbb87;" href="https://www.starlingbank.com/">Starling Bank</a>

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London, 19 April 2021: Starling, the leading UK digital bank, today announces a £50m investment by Goldman Sachs Growth Equity (“Goldman Sachs”). The investment is an extension of the bank’s oversubscribed £272 million Series D funding round announced in March 2021, which valued it in excess of £1.1 billion pre-money. This takes the total raised in the Series D round to £322 million.
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Starling now has more than two million current accounts, including 350,000 business accounts. Its deposit base has increased from approximately £1 billion just over a year ago, to now more than £6 billion.
It is the fastest-growing bank for small and medium-sized enterprises (SMEs) in Europe and now holds a 6% share of the UK’s SME banking market. It is on course to report its first full year in profit by the end of its next financial year-end.
The new funding announced today will support Starling’s continued rapid and now profitable growth.
Anne Boden, founder and CEO of Starling Bank, said: “Securing the support of another global financial heavyweight demonstrates the strength of demand from investors and represents yet another vote of confidence in Starling. Goldman Sachs will bring valuable insight as we continue with the expansion of lending in the UK, as well as our European expansion and anticipated M&amp;A.”
James Hayward, managing director at Goldman Sachs, said: “Starling is one of the leading and most innovative digital banks in the UK, with an ambitious technology-first leadership team and addressing a deep market opportunity. We are delighted to be supporting their growth with this investment and believe the company has sustainable long-term earnings potential.”
The transaction remains subject to regulatory approval.

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Goldman Sachs invests £50m in Starling Bank

We’re a fintech business with a banking licence, fully regulated by the FCA and PRA. We were granted a banking licence by the Bank of England back in July 2016 and now we’re out in app stores.
From ordering a takeaway to arranging a babysitter — we organise our lives through our mobile phones. We thought it should be easy to manage your money this way too, so we created a customer-first, mobile-focused account designed specifically for the phone-loving generation.
We’re not copying the traditional banking model — we’re learning from it, taking the not-so-good bits and turning them into our best bits. We believe giving our customers access to a mobile market of products and services that best fit their financial needs, helps them on their way to a happier, healthier financial life.
We’re a passionate team of technologists, artists, money experts, designers, and marketers, who share the same goal of creating a better bank for everyone

Starling Bank

We’re a fintech business with a banking licence, fully regulated by the FCA and PRA. We were granted a banking licence by the Bank of England back in July 2016 and now we’re out in app stores.

From ordering a takeaway to arranging a babysitter — we organise our lives through our mobile phones. We thought it should be easy to manage your money this way too, so we created a customer-first, mobile-focused account designed specifically for the phone-loving generation.

We’re not copying the traditional banking model — we’re learning from it, taking the not-so-good bits and turning them into our best bits. We believe giving our customers access to a mobile market of products and services that best fit their financial needs, helps them on their way to a happier, healthier financial life.

We’re a passionate team of technologists, artists, money experts, designers, and marketers, who share the same goal of creating a better bank for everyone

Founder and CEO, Starling Bank

Anne Boden is the founder and CEO of Starling Bank, a leading UK digital bank. Starling offers personal, business, joint and children’s banking services across more than three million accounts in the UK. It also provides a Software-as-a-Service (SaaS) proposition through its subsidiary Engine, using the proprietary technology platform that it uses to power its own bank. Since founding Starling in 2014, Anne has led it from a fast-growth fintech to a leading bank that stands firmly in a category of one. The bank is headquartered in London; has offices in Southampton,Cardiff and Dublin; and its employee base, which is nearing 2,000, is growing by the day. Anne’s technology know-how shaped her 30 year career in banking and she is widely considered as a thought-leader in the fintech sector. She was awarded an MBE for services to fintech in 2018 and chairs the government’s taskforce on Women-Led High-Growth Enterprises.

Anne Boden MBE

COO, Starling Bank

As Chief Operating Officer, Julian oversees business operations, including payment systems, card operations, customer service, human resources and supplier relationships. Julian worked as a management consultant at Andersen Consulting (now Accenture) and EY, specialising in large-scale transformation in the cards and payments industry.
He set up his own financial services consultancy, Bluerock, which he ran for thirteen years before selling it in 2012. After many years as a consultant, joining Starling gave Julian the opportunity to put all his learnings into practice, to build a bank with an amazing team of true professionals. He enjoys working at a fintech business since he loves delivering things, making things happen and moving things forward at pace.
If he wasn’t working at Starling, Julian would probably be enjoying some time in the house he has just built in Kent or spending a couple of months exploring New Zealand – the top destination on his bucket list.