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

FILE PHOTO: The Goldman Sachs company logo is seen in the company's space on the floor of the NYSE in New York

LONDON (Reuters) – British digital bank Starling said on Monday that Goldman Sachs 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)

(Reporting by Huw Jones; Editing by Edmund Blair)

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