
Starling Bank raises £40m as it lends to virus-hit small businesses29th May 2020 | published by EW SHARE
Starling Bank has raised £40m from investors as small businesses turn to lenders for support during the Covid-19 crisis.
The digital bank said it has seen a “robust” number of new customers setting up accounts.
Many of these have been businesses, with an acceleration in daily sign-ups since the beginning of the year. “The lockdown has accelerated the shift to digital channels,” app-based Starling said.
The business said it will use its funding to help small firm...
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