Starling Bank raises £130.5 million at £2.5 billion valuation

Quick Take

  • Starling Bank, which launched in 2014, has raised £130.5 million among investors including Goldman Sachs
  • The bank will use the funding for more acquisitions, with a focus on the lending space.

UK-based challenger bank Starling Bank has completed a £130.5 million internal fundraising round at a £2.5 billion valuation.

The funding came from existing investors Fidelity Management and Research Company, RPMI Railpen, Qatar Investment Authority, Goldman Sachs and Harald McPike. 

In a statement on Tuesday, the company said the money would enable it to continue growth and “build a war chest for acquisitions.” 

“We are looking at a number of potential targets," a spokesperson added.

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