Global law firm Norton Rose Fulbright has advised Starling Bank on its recent fundraising.
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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Norton Rose Fulbright
Norton Rose Fulbright is a global law firm providing the world’s preeminent corporations and financial institutions with a full business law service. The firm has more than 4,000 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East.
Recognized for its industry focus, Norton Rose Fulbright is strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through its global risk advisory group, the firm leverages its industry experience with its knowledge of legal, regulatory, compliance and governance issues to provide clients with practical solutions to the legal and regulatory risks facing their businesses.
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