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Wednesday, 19 May 2021 02:37 GMT

Goldman Sachs invests $69 million in Britain's Starling Bank


(MENAFN - Trend News Agency) British digital bank Starling said on Monday that Goldman Sachs had invested 50 million pounds ($69 million) in the UK lender, Trend reports with reference to Reuters .

The investment is an extension of Starling's oversubscribed 272 million pound funding round, valuing the bank in excess of 1.1 billion pounds, Starling said in a statement.

"Goldman Sachs will bring valuable insight as we continue with the expansion of lending in the UK, as well as our European expansion and anticipated M&A," Starling's founder and Chief Executive Anne Boden said.

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