In the recent development, the UK digital Bank, Starling Bank has raised an additional £40 million (approx €44.5 million) in funding led by existing backers, Harry McPike’s JTC and Merian Chrysalis Investment Company Limited.
The company is planning to use the funding to continue its rapid expansion as it disrupts the banking industry and to provide support for small business customers, who have been affected by COVID-19 pandemic.