Starling Bank, a leading digital banking platform, has raised £60 million in a Series C funding round led by Merian Global Investors. Starling also raised a further £15m from its existing seed investor Harald McPike, a Bahamas-based hedge fund investor.
The funding will support increased investment in Starling’s pioneering financial products in retail and SME banking as well as banking services in the UK. It will also enable the digital banking platform to accelerate its global expansion, starting in Europe.
The team was led by corporate partner Nick Adams and included corporate partner David Marshall and associates Joshua Temkin and Laurence Farmer; financial services partner Imogen Garner and associate Albert Weatherill; and IP partner Mike Knapper.
Nick Adams commented: “We’re delighted to have advised Starling Bank on its fundraising. The financial services sector is at the forefront of technological innovation and, more broadly, we expect to see continued technology-related M&A and financing activity in the year ahead.”
The firm’s Tier 1-ranked FinTech practice advises some of the world’s leading financial institutions and corporations as well as start-ups, crypto-exchanges and governments on complex and novel legal and regulatory issues and projects relating to FinTech. The multidisciplinary FinTech team brings together over 200 lawyers from across the firm’s practice areas worldwide, combining deep global tech experience with financial services and regulatory knowledge.
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