Starling Bank

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 and is expanding into Ireland and further European markets later in 2018!

Starling is a fully licensed bank fully covered up to £85,000 by the Financial Services Compensation Scheme and is a  member of Apple Pay, Google Pay, Samsung Pay, Garmin Pay and Fitbit Pay. It offers a contactless Debit Mastercard, manufactured by AllPay.[20] As of November 2018, Starling were not part of the LINK network, however this does not prevent its customers from withdrawing up to £300 per day.

Starling Bank offers a Contactless Debit MasterCard, manufactured by AllPay. As of December 2017, Starling are not yet part of the LINK network, however, they can be used at any MasterCard compliant ATM.

Starling is most powerful when it’s your main bank account. The Current Account Switch Service makes it simple and hassle-free to transfer all your payments over to Starling, so you can streamline your finances and get total visibility over your money. 

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. They are also working with the Post Office in order to allow cash to be paid in through them instead of NatWest.

 

Starling Bank is backed by Future Fifty and Capability and Innovation Fund, Merian Chrysalis, JTC and others. The company raised £30M from a latest financing on Oct 23, 2019. This new round brings Starling Bank's total funding to £263M ($338.9M) to date.

 

 

  • Year founded: 2014
  • Funding Info: £263M ($338.9M) over 5 Rounds (Latest Funding Type: Venture- Series Unknknown)
  • Yearly Revenue: £20M-£50M (2019)
  • Employee Size: 501-1000
  • Business Valuation: Undisclosed
  • City/Town: London
  • State: London
  • Country: United Kingdom
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