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Starling Bank, a fintech expanding in Europe

The British fintech will begin its international expansion in Ireland, France, and Germany.

Starling Bank, one of the new digital banks operating in the United Kingdom, today announced that it has raised 75 million pounds (85 million euros) in its latest round of financing.

Some 60 million come from the contributions of a group of investors led by Merian Global Investors, while the remaining 15 million have been contributed by investors who already participated in the bank.

What will happen next?

Starling indicates that it will use these funds to increase the products it offers to its customers and to expand internationally, starting with several European countries. The first destination will be Ireland, followed by France and Germany. Sources of Starling indicate that Spain, at the moment, is not in its immediate plans of growth.

The bank launched its mobile application (it does not have branches) in 2017 and currently has 460,000 personal checking accounts and 30,000 SMEs. The bank expects to have one million customers by the end of 2019.

Published inFintech

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