Finance Breaking news Starling achieves Unicorn status on £272 million funding round last financial news
Breaking-Finance.Com - Starling Bank has entered Unicorn territory on the back of a new £272 million investment led by Fidelity Management & Research Company.
Breaking-Finance.Com - Starling Bank has entered Unicorn territory on the back of a new £272 million investment led by Fidelity Management & Research Company. Starling, which was founded in 2014, embarked on an attempt to raise £200m last autumn when Rothschild, the investment bank, was hired to canvass interest from investors. Alongside Fidelity, the Series D round includes participation from Qatar Investment Authority, Millennium Management and RPMI Railpen.It brings Starling's valuation to £1.
.Starling founder and CEO Anne Boden says: “Digital banking has reached a tipping point. Customers now expect a fairer, smarter and more human alternative to the banks of the past and that is what we are giving them at Starling as we continue to grow and add new products and services.”The bank currently has more than two million accounts, of which just over 300,000 are small business customers.
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