Business

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

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The Goldman Sachs company logo is seen in the company's space on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid

LONDON, April 19 (Reuters) - British digital bank Starling said on Monday that Goldman Sachs (GS.N) had invested 50 million pounds ($69 million) in the UK lender.

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.

($1 = 0.7222 pounds)

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Reporting by Huw Jones; Editing by Edmund Blair

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