Starling seeks further funding as it looks to expand its business offering
This story was delivered to Insider Intelligence Banking Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry with the Banking Briefing. You can learn more about subscribing here. UK neobank Starling has made a pair of announcements concerning its ever-expanding business-banking offerings: The neobank is rolling out a US dollar account as well as fully launching a "Business Toolkit." Available to Starling's business clients for £5 ($6.24) per month, the new US dollar account enables users to spend directly in pounds and dollars through a single card and comes with a full US bank account, Crowdfund Insider reports . The feature is similar to the business euro account that the neobank launched in October 2019. Additionally, Starling is fully launching the Business Toolkit it has been beta testing since January. The toolkit — which will be free for three months for those who sign up before July 31, 2020, and £7 ($8.74) per month after that — carries a range of benefits, including helping users calculate and submit VAT returns and estimating the money sole traders need to set aside for costs like self-employment income tax.
Starling seeks further funding as it looks to expand its business offering
This story was delivered to Insider Intelligence Banking Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry with the Banking Briefing. You can learn more about subscribing here. UK neobank Starling has made a pair of announcements concerning its ever-expanding business-banking offerings: The neobank is rolling out a US dollar account as well as fully launching a "Business Toolkit." Available to Starling's business clients for £5 ($6.24) per month, the new US dollar account enables users to spend directly in pounds and dollars through a single card and comes with a full US bank account, Crowdfund Insider reports . The feature is similar to the business euro account that the neobank launched in October 2019. Additionally, Starling is fully launching the Business Toolkit it has been beta testing since January. The toolkit — which will be free for three months for those who sign up before July 31, 2020, and £7 ($8.74) per month after that — carries a range of benefits, including helping users calculate and submit VAT returns and estimating the money sole traders need to set aside for costs like self-employment income tax.