By Steve O’Hear
Starling Bank, the U.K. challenger bank founded by banking veteran Anne Boden, is to open a second U.K. office this summer, where it plans recruit up to 50 software engineers and up to 100 customer service team members. The planned location is Southampton, on the south coast of England, and will be Starling’s first office outside of London.
In a call with Boden late on Friday, she told me that the majority of its Southampton office will be new hires who will be helping to build out the challenger back’s business banking product. In just under a year, Starling has garnered more than 30,000 SME business account sign ups, adding to around 500,000 consumer current accounts.
The company plans to invest heavily in its business banking division over the next few years, partly off the back of being awarded a £100 million grant from the Capability and Innovation Fund (CIF), which was set up by Royal Bank of Scotland to fulfil European state aid conditions arising from the bank’s £45 billion U.K. government bailout during the financial crisis.
Boden says that Southampton was chosen as Starling’s new office for its entrepreneurial spirit and high level of tech talent. She says the city …read more
Source: Tech Crunch