The bank expects to hit one million customers by the end of 2019
UK mobile bank raised financing to fund its expansion. Source: facebook.com
Digital banking platform Starling Bank has raised ￡60 million in a Series C funding round led by Merian Global Investors.
Starling has also raised a further ￡15 million from its existing investor, bringing the total to ￡75 million.
The funding will enable the digital banking platform to accelerate its global expansion, starting in Europe.
Since launching its app in May 2017, Starling has built up a customer base of 460,000 personal current accounts and 30,000 SME accounts. The bank expects to hit one million customers by the end of 2019.
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