About Starling Bank
Starling Bank is a company based in London (United Kingdom) founded in 2014 by Anne Elizabeth Boden.. Starling Bank has raised $1.06 billion across 13 funding rounds from investors including Fidelity Investments, Goldman Sachs and Chrysalis Investments. The company has 3,231 employees as of March 31, 2024. Starling Bank has completed 2 acquisitions, including Ember and Fleet Mortgages. Starling Bank operates in a competitive market with competitors including Monzo, Revolut, Atom bank, OakNorth Bank and Aldermore Bank, among others.
- Headquarter London, United Kingdom
- Employees 3231 as on 31 Mar, 2024
- Founders Anne Elizabeth Boden
- Stage Unicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Starling Bank Limited
- Date of Incorporation 18 Jun, 2014
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$813.42 M (USD)56as on Mar 31, 2024
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Net Profit
$276.54 M (USD)54as on Mar 31, 2024
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EBITDA
$378.48 M (USD)55as on Mar 31, 2024
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Total Equity Funding
$1.06 B (USD)
in 13 rounds
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Latest Funding Round
$166.43 M (USD), Series D
Apr 21, 2022
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Investors
Fidelity Investments
& 9 more
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Employee Count
3231
as on Mar 31, 2024
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Investments & Acquisitions
Ember
& 1 more
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Software Development Team
43 people
Operations Team
21 people
Product Management Team
21 people
Legal and Compliance
17 people
Head Team
16 people
Leadership Team
15 people
Finance and Accounting
15 people
Senior Team
14 people
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Funding Insights of Starling Bank
Starling Bank has successfully raised a total of $1.06B across 13 strategic funding rounds. The most recent funding activity was a Series D round of $166.43 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Series D — $166.4M
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First Round
First Round
(11 Jan 2016)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series D - Starling Bank | Valuation | Goldman Sachs | |
| Jan, 2022 | Amount | Series D - Starling Bank | Valuation | Chrysalis |
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| Jun, 2021 | Amount | Series D - Starling Bank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Starling Bank
Starling Bank has secured backing from 10 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Fidelity Investments, Goldman Sachs and Chrysalis Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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A sovereign wealth fund backed by Qatar, managing investments and funds.
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Founded Year | Domain | Location | |
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Manages pensions, investments, and administration for members across industries.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Starling Bank
Starling Bank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Ember and Fleet Mortgages. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based accounting software is provided for businesses by Ember.
|
2013 | ||||
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Mortgage loans are provided for residential and buy-to-let properties.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Starling Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Starling Bank Comparisons
Competitors of Starling Bank
Starling Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Monzo, Revolut, Atom bank, OakNorth Bank and Aldermore Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Internet first bank for individuals and businesses
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| domain | founded_year | HQ Location |
Banking solutions are provided for retail customers and businesses.
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| domain | founded_year | HQ Location |
Digital banking services are provided for individuals and businesses.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
SME-focused banking services are offered to consumers and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Starling Bank
Frequently Asked Questions about Starling Bank
When was Starling Bank founded?
Starling Bank was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Starling Bank located?
Starling Bank is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Starling Bank?
Anne Elizabeth Boden is the current CEO of Starling Bank. They have also founded this company.
Is Starling Bank a funded company?
Starling Bank is a funded company, having raised a total of $1.06B across 13 funding rounds to date. The company's 1st funding round was a Series D of $48.86M, raised on Jan 11, 2016.
How many employees does Starling Bank have?
As of Mar 31, 2024, the latest employee count at Starling Bank is 3,231.
What is the annual revenue of Starling Bank?
Annual revenue of Starling Bank is $813.42M as on Mar 31, 2024.
What does Starling Bank do?
Starling Bank was established in 2014 and is headquartered in London, United Kingdom. Digital banking operations are focused on internet-based services for both consumer and business clients, encompassing deposit accounts, fund transfers, personal and commercial loans, prepaid cards, corporate cards for transactions, and bill payment facilities. The associated mobile application is accessible via Android and iOS devices.
Who are the top competitors of Starling Bank?
How many acquisitions has Starling Bank made?
Starling Bank has made 2 acquisitions, including Ember, and Fleet Mortgages.
Who are Starling Bank's investors?
Starling Bank has 10 investors. Key investors include Fidelity Investments, Goldman Sachs, Chrysalis Investments, Merian Global Investors, and JTC.
What is Starling Bank's valuation?
The valuation of Starling Bank is $3.15B as of Apr 2022.
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