The addition of Molo, UK’s first, all-digital mortgage lender, Underpinned, a career management platform for freelance workers, and accounting services provider Paystream to the Starling Business Marketplace will take the digital bank’s business integrations count to 14. The integrations aim to build on services that are offered to Starling’s over 100,000 business clients.
Molo, an internet-based buy-to-let mortgage lender, Molo, and Paystream will help position Starling Bank more closely to the requirements of its business clients by offering a one-stop-shop for third-party products and services.
Anne Boden, founder and CEO at Starling Bank, stated:
“Today’s entrepreneurs have grown accustomed to operating in a world where digital services are crafted around their particular needs. They expect the services they are offered to match closely with their business types, locations, and customer demographics.”
Starling has been promoting the “feeling good about money” message for a long time, and the introduction of these services shows that the neobank takes its ethical commitments seriously, while aiming to “make banking more inclusive” and promoting financial wellbeing.
Financial wellbeing is a popular theme, especially following the Money and Pensions Service (MaPS) launch of the UK Strategy for Financial Wellbeing, which revealed that 11.5 million UK residents have less than £100 in total savings.
Starling Bank aims to make it easier to get mortgages and offers ways to streamline freelance workers’ financials, including money management strategies. This should help support and equip individuals in gaining more control over their finances.
In December of last year, Starling confirmed the addition of Sparqa Legal, its first legal services business partner, to its marketplace. The legal services platform will now provide cloud-powered accounting software, insurance, cybersecurity, lending and loyalty programs which clients can link to their Starling bank accounts via APIs.