Starling Bank

Starling Bank is a digital, mobile-only challenger bank based in the United Kingdom, operating personal and business accounts. Headquartered in London, Starling Bank is a licensed and regulated bank, founded by former Allied Irish Banks COO, Anne Boden, in January 2014. Since its founding, it has received over $300m of funding. The company received its banking licence from the Prudential Regulation Authority and the Financial Conduct Authority in July 2016. It is considered as a FinTech bank.

Starling was founded by Anne Boden, who had previously held the positions of COO for Allied Irish Banks, Head of EMEA (Global Transaction Banking) for RBS, Executive Vice President for ABN AMRO, and Vice President for UBS, began working on Starling in 2014. In 2016, they announced the largest Fintech funding round of the year, raising £48 million. The company started its beta and partnership with TransferWise in March 2017. The corresponding developer platform went live in April 2017. Founder Anne Boden announced in December 2017 that the bank intended to apply for the RBS Remedies Fund. In March 2018, Starling launched business accounts while in November that same year, Starling announced a partnership with Post Office. In February 2019, Starling launched personal Euro accounts in the UK. Starling’s latest funding round was from Merian, raising £75m in February 2019. The following week Starling announced that it had secured a further £100m from the Capability and Innovation fund in the form of grant funding. Starling opened its third office in Cardiff in March 2020, and in the September of the same year, Starling’s first child-friendly product, Starling Kite. By December 2021, Starling had 2.7 million accounts, including 475,000 business accounts.

Starling Bank was built to give people a fairer, smarter and more human alternative to the banks of the past.

Starling bank is with a vision to demystify money and make banking better for everyone. They aim to create solutions that enhance the transparency and are easy to comprehend. The company realises its goal to deliver Banking-as-a-Service (BaaS) with innovation and technology.