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

1 minute read

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)

Register now for FREE unlimited access to
Reporting by Huw Jones; Editing by Edmund Blair

Our Standards: The Thomson Reuters Trust Principles.

More from Reuters