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Starling Bank nets £272m in late-stage funding led by Fidelity and Qatari investor

Starling says it’s still profitable, having exceeded £1.5m in net income every month since October

By

Emily Nicolle

Anne Boden, CEO of Starling Bank has been adamant that the bank will not entertain offers of being acquired itself, after it was reported that JPMorgan and Lloyds Banking Group had made their interest in the scaleup known
Anne Boden, CEO of Starling Bank has been adamant that the bank will not entertain offers of being acquired itself, after it was reported that JPMorgan and Lloyds Banking Group had made their interest in the scaleup known Photo: Getty Images

British digital challenger Starling Bank has raised £272m in a series D funding round from a spate of City, international and institutional investors, providing the firm with a valuation of £1.1bn.

The round was led by asset manager Fidelity Management & Research, alongside Qatar Investment Authority, pensions manager RPMI Railpen and investment firm Millennium Management.

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