Starling Bank is a digital, mobile-only challenger bank, operating current accounts, business banking, and a payments service scheme for merchants.
Starling Bank's app helps people take the stress out of money by letting them visualise and manage their finances in real time, all from one app.
Starling Bank was founded in January 2014 by Anne Boden. The company is headquartered in London, UK.
Starling offers various accounts – personal, joint, business, euro and connected – each of which can be managed from your mobile or desktop. Features include instant payment notifications, insights into your spending habits, in-app card lock, a flexible overdraft and 24/7 customer support.
Starling is currently working on integrating Open Banking and open APIs in to their "marketplace" to allow customers to use their data with other financial products.
Starling also created Starling Marketplace, which gives you access to a wide range of services and products from third party providers. Plus, with a MasterCard Contactless Debit Card, Apple Pay, Google Pay, Samsung Pay, FitBit Pay and Garmin Pay, you can pay your way.
Starling Bank has now passed 2 million accounts, with 300,000 business accounts among them. The company's gross lending has passed £2 billion, with deposits at £5.4 billion.
Starling is backed by Fidelity Management & Research Company, Qatar Investment Authority (QIA), Goldman Sachs, Railpen, Millennium Management, Merian Global Investors, JTC and others. The company raised £50M ($69M) as an extension of its Series D round on Apr 19, 2021. This additional investment brings Starling's total funding to £685M to date. The company was valued at £1.372B ($1.9B) after it had raised a first tranche of Series D round in Mar 2021.