# Starling Bank

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/starling-bank

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.starlingbank.com
- Total disclosed funding: $490M
- Latest round: Series D (Apr 21, 2022)
- Investors on record: 5

## About

Starling Bank Limited, based in the UK, operates as a digital bank providing innovative banking solutions for personal and business accounts, enhancing financial management through technology.Founded in 2014 and headquartered in London, UK, Starling Bank Limited offers a range of banking services. The company was established by Adam Chmielowski and Anne Boden, with John Mountain and Sam Everington currently serving as CEO and management team. The bank has engaged in 11 funding deals, with the most recent being a SERIES D round in April 2022, where it raised GBP 130.50 million from notable investors including Fidelity Investments and Goldman Sachs Merchant Banking Division. The total amount raised by the company amounts to GBP 130.50 million, with a current valuation of GBP 3,222.09 mn.Starling Bank offers a comprehensive suite of digital banking services primarily centered around personal and business current accounts. Their core offerings include instant notifications for spending and income, a Bills Manager for automating bill payments, and customizable Spaces, which are sub-accounts that allow users to allocate funds for specific purposes. Additionally, the mobile app features tools for budgeting and virtual debit cards to facilitate controlled spending. These services are designed to improve financial management and enhance user control over personal finances, addressing common pain points such as tracking expenses and managing bills. Starling Bank serves a diverse customer base across the United Kingdom, providing solutions for both individual consumers and small businesses seeking efficient banking options.For the year 2023, Starling Bank reported a revenue of GBP 510,317,387 with an EBITDA of GBP 247,841,574. The bank primarily generates revenue through transactional banking services and fee structures related to its core banking offerings, including income from interchange fees on card transactions and interest on funds held in current accounts.In April 2022, Starling Bank Limited raised GBP 130.50 million in SERIES D funding, intended to support its growth and seek acquisitions. The company is focusing on designing and launching new products to enhance its offerings. It is also exploring expansion into new markets and geographic regions, with specific plans to extend its services beyond the UK in the near future.

## Funding rounds

- Series D, Apr 21, 2022, $168M — Railways Pension Scheme, Fidelity Investments, Goldman Sachs Asset Management, Qatar Investment Authority
- Series D, Jun 22, 2021, $322M — Railways Pension Scheme, Qatar Investment Authority, Fidelity Investments, Millennium Management

## Investors

- Railways Pension Scheme — Series D
- Qatar Investment Authority (https://capitalatlas.ai/funds/qatar-investment-authority) — Series D
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series D
- Millennium Management — Series D
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series D