UPDATE 1-UK's Starling Bank raises $376 mln for lending, overseas push | Reuters
British digital lender Starling Bank said on Monday it has completed a 272 million pounds ($376.39 million) fundraising to fuel lending growth and expansion across Europe.
The bank said the series D funding round was led by Fidelity Management & Research Company, alongside the Qatar Investment Authority, Railpen and Millennium Management.
The round values the company at 1.1 billion pounds pre-money, the company said, with funds raised also going towards a mergers and acquisitions push.
Since launching in 2017, Starling has attracted more than two million customers and lent more than 2 billion pounds.
The lender has fared better in the pandemic than some start-up rivals, including Monzo, with its business banking push accelerated by taking part in state-backed lending schemes.
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