Starling Bank focuses on expansion with £30 mn fundraise
UK-based digital bank Starling Bank has raised £30 million in a funding round led by Merian Chrysalis Investment Company Limited along with the participation of JTC. The challenger bank states that the new funding is expected to assist it in retail and SME bank account investments. It will also fuel the bank’s B2B services and support expansion strategies.
Bottomline Technologies partnered with Starling Bank followed by the launch of its Real-Time Payments Express Service, which aims to assist the banks and corporates in sending, receiving and tracking payments in real-time to any UK bank account.