8.6 C
New York
Monday, March 4, 2024
Home Challanger banks Starling Bank is about to raise £200m in funding round

Starling Bank is about to raise £200m in funding round

Some of the UK’s most important fintech start-up players – Starling Bank, Curve and GoCardless are set to raise more money.

According to ‘well-placed sources’, Starling has hired independent financial advisor Rothschild Co. with the aim of raising a new £200 million round, TechCrunch reported.

Read also: HSBC is set to launch rival product to TransferWise

Until now, Starling has raised £363m, including a £100m grant from the RBS competition fund.

Starling has about 1.9 million customers – 280,000 of which are business accounts held by sole traders and small to medium-sized businesses (SMBs) with women filling 40% of the senior roles in the company.

Boden has also told TechCrunch that her ultimate aim is to get to an initial public offering. “I didn’t do all this to sell out to a big bank,” she told me. “I’ve got my sights on an IPO. I’d very much like to do that”.

In a recent interview for Guardian, Boden happily admits her work takes up her whole life. “People talk about ‘work-life balance’,” she says. “I only have work – and I enjoy every minute of it.” She doesn’t cook (“I have no interest whatsoever”) and hasn’t married (“one of these days, I’ll write a book about men and dating!”). She has no children. “I never decided not to have children; as with many people, it just didn’t happen,” she says.

“I think it’s important to focus on what you have rather than what you don’t. I’ve had a great career. I’ve done lots of stuff. I’m proud of what we’ve built. I wish I could help more women understand that you don’t have to conform to the stereotype to be happy, to be successful. But I’ve been extremely lucky. I had a childhood that was loving and supportive, but with no pressure to be anyone different.”

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

NEW Revolut UK CEO to make Conference Debut at MoneyLIVE Summit

MoneyLIVE has today announced that Revolut’s newly appointed UK CEO will be making her conference debut at MoneyLIVE Summit 2024, which is...

2024’s Financial Innovators: A New Era of Banking Startups 

In the wake of the COVID-19 pandemic, our world witnessed an unprecedented shift towards digitalization. The banking industry, in particular, has been...

C-suite Banking and Payments Leaders From Across Europe Set to Meet at London’s MoneyLIVE Summit in March

On the 6-7 March 2024 MoneyLIVE Summit will return to London’s QEII Centre to unite over 1000 banking and payments leaders from...

The Evolution of Digital Wallets: A Shift from Physical Cards by 2030

By 2030, we can expect digital wallets to become the preferred payment instrument, offering a myriad of non-payment-related services for consumers.