Tagged: starling bank

August 15, 2020 @ 11:31 am By Omar Faridi  |  

There are now at least 67 FIntech unicorns, globally, that are valued at a combined $244.6 billion, according to a recently published infographic by CBInsights which shows that North America, particularly the US, is home to some of the world’s largest Fintechs. Fintech unicorns are… Read More

August 6, 2020 @ 7:52 pm By JD Alois  |  

Starling Bank CEO and founder Anne Boden has published the Fintech’s annual letter as well as a trading report for July 2020, and there are some encouraging comments in the missive. Boden notes that since November 2019, the bank’s “performance has been strong.” In fact,… Read More

July 29, 2020 @ 7:27 am By Omar Faridi  |  

Starling Bank, a leading UK based digital bank, has reportedly delivered more than £654 million in loans under the United Kingdom’s bounce back loan scheme (BBLS) to around 24,000 local firms. Starling Bank, which teamed up with Funding Circle to issue £300 million in loans… Read More

July 27, 2020 @ 8:53 am By Omar Faridi  |  

Investment in the United Kingdom’s Fintech industry reportedly slowed down by over a third during H1 2020, as many investors appear to be holding on to cash due to the economic uncertainty created by COVID-19. Despite the slowdown, investment levels still managed to gain 22%… Read More

July 20, 2020 @ 7:37 am By JD Alois  |  

Starling Bank, a top UK based digital bank, has added Penfold to its Marketplace. Starling’s Marketplace integrates optional third-party solutions to Starling’s users. Penfold is a pension service that enables self-employed individuals to set up and manage a pension. Penfold’s has been designed for freelancers,… Read More

July 6, 2020 @ 7:57 am By JD Alois  |  

Digital bank Starling Bank is offering two new features targeting their growing number of business accounts. First is a US dollar account that allows them to spend directly in pounds or dollars with a single card. The second is a “Business Toolkit” that includes a… Read More

June 15, 2020 @ 7:18 am By JD Alois  |  

UK based digital bank Starling Bank has added three new integrations to its Marketplace: Slack, the workplace messaging platform, Bionic, the energy switching service, and Equipsme, a health insurance provider, according to a company release. Starling Bank has taken the approach of providing many forward-thinking… Read More

June 5, 2020 @ 7:36 am By Omar Faridi  |  

UK-based Starling Bank issued an update on June 1, 2020 regarding the Bounce Back Loan Scheme (BBLS). The British Business Bank has been approving new lenders for several COVID-19 support schemes. As previously reported, JCB Finance will join the other 18 BBLS lenders who have… Read More

May 31, 2020 @ 11:30 pm By Omar Faridi  |  

Digital or neobanks are increasingly being used by consumers of all age groups for managing finances, and completing transactions. Despite the COVID-19 outbreak and resulting economic problems, digital bank Starling Bank recently secured £40 million in capital. Challenger banks aim to offer better services compared… Read More

May 29, 2020 @ 8:47 am By JD Alois  |  

Digital bank Starling bank has raised £40 million from existing investors according to a note from the Fintech. Starling said the funding was led by JTC and Merian Chrysalis Investment Company Limited. Anne Boden, founder and chief executive of Starling Bank, commented on the news: “This… Read More

May 27, 2020 @ 8:03 am By JD Alois  |  

Each week, HM Treasury publishes updates on approved lending under three COVID-19 related support schemes. This week HM Treasury said £12.47 billion has been approved in the ongoing programs. The breakdown of the funding is as follows: Coronavirus Business Interruption Loan Scheme (CBILS) Data up… Read More

May 14, 2020 @ 12:39 pm By JD Alois  |  

Starling Bank, a leading UK digital bank, has been moving rapidly to implement COVID-19 business relief programs authorized by the UK government. Starling is the first Fintech to be approved as a Bounce Back Loan (BBLS) provider and, earlier this week, Starling and Funding Circle… Read More

May 13, 2020 @ 10:18 am By JD Alois  |  

Digital bank Starling and Funding Circle (LSE: FCH), a marketplace lending platform serving SMEs, have formed a strategic partnership to provide loans to small businesses under the Coronavirus Business Interruption Loan Scheme (CBILS). According to a note from Starling, the bank will lend via Funding… Read More

May 12, 2020 @ 10:47 am By JD Alois  |  

Starling Bank, a UK based digital bank, has shared that during the first day and half of availability the Fintech paid out £90 million in Bounce Back Loans. The bank also made a total of £120 million in offers for these loans. Simultaneously, Starling Bank… Read More

May 7, 2020 @ 9:14 am By JD Alois  |  

Leading digital bank Starling Bank has been accredited as a Bounce Back Loan provider by the British Business Bank. The approval of Starling Bank was anticipated by the Fintech and the bank now joins the original list of traditional financial services firms providing the loans…. Read More

May 4, 2020 @ 8:19 am By JD Alois  |  

Bounce Back Loans, the new COVID-19 support programming targeting the smallest of firms is open for applications today with funds expected to be distributed within days. Information on the program is available now on the British Business Bank website. Also included on the British Business… Read More

April 17, 2020 @ 12:28 pm By Samantha Hurst  |  

UK-based digital banking group Starling Bank announced on Thursday it has launched a new tool that helps business customers to find the appropriate Government coronavirus support scheme for them. Starling Bank further revealed that the tool asks users a series of questions related to their… Read More

April 10, 2020 @ 7:10 pm By JD Alois  |  

Following approval by the British Business Bank as  CBILS lender, Starling Bank – a digital-only bank, has issued a statement. Starling is a fully licensed and regulated bank, founded by Anne Boden, former Allied Irish Banks COO, in 2014. Helen Bierton, Starling Bank’s Chief Banking… Read More

April 8, 2020 @ 8:14 am By Samantha Hurst  |  

UK-based digital banking group Starling Bank announced on Wednesday the launch of its second debit card for personal accounts, Connect. According to Starling, the Connected card has been designed to help personal account customers who are self-isolating during the COVID-19 pandemic and are relying on… Read More

April 6, 2020 @ 8:15 am By Samantha Hurst  |  

UK-based digital banking group Starling Bank announced on Monday the launch of its mobile cheque deposit services. Starling Bank reported that customers may now “capture” an image of the cheque and its mobile app will “read the details” to place the funds into the account…. Read More