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New Deal


Announced

Completed

Fidelity Management & Research led a $376m Series D funding round in Starling Bank.

Financials

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Transaction Value£272m
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Private

mobile app

Online and Social Platforms

Cross Border

Friendly

Acquisition

Completed

United Kingdom

Private Equity

Venture Capital

Single Bidder

Synopsis

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Fidelity Management & Research, an American multinational financial services corporation, led a $376m Series D funding round in Starling Bank. Additional investors include Qatar Investment Authority, RPMI Railpen, and Millennium Management. “Digital banking has reached a tipping point. Customers now expect a fairer, smarter and more human alternative to the banks of the past and that is what we are giving them at Starling as we continue to grow and add new products and services. Our new investors will bring a wealth of experience as we enter the next stage of growth, while the continued support of our existing backers represents a huge vote of confidence," Anne Boden, Starling Bank Founder and CEO.

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