Tagged: starling bank

Digital Bank Starling Bank Offers Child Friendly Bank Account in Starling Kite

Starling Bank, a digital-only bank, has launched “Starling Kite” a child-friendly banking account that incorporates certain controls for parents and guardians. Starling Kite will be linked to an adult’s account to help track utilization while children aged between 6 to 16, will receive a banking… Read More

UK’s Digital Challenger Starling Bank Joins Monzo by Introducing New Fees, as Fintechs Struggle to Offer Competitive Services

UK based digital challenger Starling Bank has reportedly joined digital bank Monzo by introducing several new fees for certain services related to its British pound or GBP and Euro bank accounts. As reported recently, Monzo announced two new fees for its customers. The Fintech startup… Read More

Starling Bank Survey Reveals 80% of UK SMEs Are Confident They Will Recover From COVID Despite Concerning Economic Forecast

‘ UK-based digital banking group Starling Bank announced on Monday its latest survey reveals four in five (80%) UK SMEs are confident they will recover from the COVID-19 pandemic. The survey, which was conducted with the Great British Entrepreneur Awards (GBEA) was done on more… Read More

At least 67 Fintech Unicorns Operating Globally, with North America Leading the Way, and Asian, European Markets Growing Fast

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

Starling Bank Loan Book Now Tops £1 Billion, Break Even in Sight by End of 2020

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

Digital Bank Starling Facilitates the Disbursement of £654 Million in Loans under UK’s BBLS to 24,000 Businesses

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

Fintech Funding in the UK Declines During H1 2020, but Challengers Revolut, Starling Bank, Checkout.com, Onfido Close Mega $100 Million+ Rounds

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

Pension Solution Penfold Added to Starling Bank Marketplace

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

Starling Bank Adds US Dollar Account Feature, Business “Toolkit”

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

Digital Bank Starling Adds New Services to Marketplace Including Slack, Health Insurance

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

Digital Bank Starling Issues Bounce Bank Loan Scheme (BBLS) Update, CEO Anne Boden Joins UK Finance Board

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

Traditional Banks and Digital Challengers are Doing a “Horrendous” Job when Processing International Payments: Report

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

Starling Bank Raises £40 Million From Existing Investors, Total Raised for the Year Stands at £100 Million

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

Over £27 Billion Provided by CBILS, CLBILS and Bounce Back Loans

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

Starling Bank CEO Provides Update on CBILS Lending, Doubles as Customer Support

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

Starling Bank and Funding Circle Form Partnership on SME Lending Under CBILS

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

Fintech Starling Bank Reports £90 million in Bounce Back Loans the First Day & a Half of Availability

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

Starling Bank Approved as Bounce Back Loan Provider

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

Bounce Back Loan Lenders Only Traditional Banks, So Far

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

Starling Bank Debuts Online Tool to Help Business Customers Find Coronavirus Aid Schemes

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

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