Starling Bank Receives £50m Investment from Goldman Sachs

Starling, the leading UK digital bank, announced that it has received a £50 million investment by Goldman Sachs Growth Equity (Goldman Sachs). 

The new funding announced will support Starling's continued rapid and now profitable growth. 

Anne Boden, founder and CEO of Starling Bank, said: "Securing the support of another global financial heavyweight demonstrates the strength of demand from investors and represents yet another vote of confidence in Starling. Goldman Sachs will bring valuable insight as we continue with the expansion of lending in the UK, as well as our European expansion and anticipated M&A."

James Hayward, managing director at Goldman Sachs, said: "Starling is one of the leading and most innovative digital banks in the UK, with an ambitious technology-first leadership team and addressing a deep market opportunity. We are delighted to be supporting their growth with this investment and believe the company has sustainable long-term earnings potential."

About Starling Bank

Starling is the fastest-growing bank for small and medium-sized enterprises (SMEs) in Europe and now holds a 6% share of the UK's SME banking market. It now has more than two million current accounts, including 350,000 business accounts. Its deposit base has increased from approximately £1 billion just over a year ago, to now more than £6 billion.