INSUBCONTINENT EXCLUSIVE:
challenger bank founded by banking veteran Anne Boden, is in the early stages of raising a significant new funding round as part of plans to
double down on its newly launched business current account, TechCrunch has learned.According to a person familiar with the matter, Starling
To assist in the process, the company is hiring a new international advisory firm, pointing to an investor search that potentially goes
and could include large international institutional investors
of the Capability and Innovation fund, which was set up by Royal Bank of Scotland to fulfill European state aid conditions arising from the
government bailout during the financial crisis
business current account offerings for small and medium-sized enterprises.Thought to be up against incumbents Santander, Metro Bank,
I understand from sources that executive search consultants have been engaged to work on senior hires and that this will include a new head
of SME banking.Meanwhile, Starling recently launched international payments within its consumer-facing current account, news it published on
its blog and that was picked up in the fintech media
However, less well reported is that the bank has quietly dropped its previously announced partnership with fintech unicorn TransferWise.Back
The functionality was due to launch the following summer but never materialised (something that seemingly went unnoticed by most outlets)
As we developed out our payments business it became clear to us that integrating with a third party payments provider in the Starling
We figured that we could provide a better user experience by doing it ourselves
it is perfectly reasonable for an upstart bank to switch strategy as the broader competitive climate changes
In this instance, since the original announcement, Starling has made significant headway on its own Starling Payments business, and
