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Wednesday, April 21, 2021
Home Challanger banks Starling adds Nutmeg to its Marketplace

Starling adds Nutmeg to its Marketplace

British challenger Starling Bank welcomed Nutmeg, the UK’s largest digital wealth manager, to its fast-growing Marketplace.

This service’s goal is to help Starling’s personal and sole trader customers with a connection of their banking to their investment accounts and pensions, as they prepare to navigate the new year ahead.

Read also: Revolut launches early salary feature in the UK and Web app

Nutmeg is offering investment options from stocks and shares accounts to personal pensions, with a range of portfolio styles.

“I chose Nutmeg because they were one of the first FinTechs to offer a Lifetime ISA,” says Sergiy Voronov. He became a Nutmeg customer in 2016 and joined Starling earlier this year.

“For me, it was a no brainer. I opened a Lifetime ISA for me and my wife and we used it for three years. It was straightforward and it really helped us to purchase our house.”

Starling customers with a Nutmeg account can connect to it through the Marketplace, while those without one will be able to sign up through the Marketplace. There are no fees for signing up to Nutmeg, but there is a fee when an investment is made.

Helen Bierton, Chief Banking Officer at Starling Bank says: “By developing smart integrations with the third-party platforms popular with our customers, such as Nutmeg, Starling is making it easier for customers to keep track of their money wherever it is located.”

Matt Gatrell, Chief Operating Officer at Nutmeg says: “We know that helping people to have a clearer picture of their full financial circumstances is crucial, and even more front of mind at the moment. So, we’re pleased to be connecting with Starling, to give Nutmeg investors and Starling customers greater oversight of their finances in order to support them in reaching their financial goals.”

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

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