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Starling Banks raises as customer accounts nearly cross 500k

UK based challenger bank has raised £75m ($97m) in Series C funding from Merian Global Investors and existing shareholders.

Adds Nick Williamson, Merian Chrysalis co-portfolio manager: “Financial services is a market undergoing considerable change, driven by technology and users’ desire for better and more convenient offerings. The Starling team has developed a highly impressive and efficient platform, which we believe positions it well to continue to take share in core banking markets, as well as the ability to offer innovative new services in the future.”

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banking, europe