Starling Bank opens third UK office, creating 400 jobs in Cardiff

London, 9 March 2020: Starling, the leading digital bank, is joining Wales’ booming £8.5bn tech sector by creating 400 new jobs in its data science, fraud and customer services teams, at its new 14,000 sq. ft. Brunel House office.

The Welsh hub will enable Starling to maintain the growth of its business and personal banking offerings, and continue to better serve its rapidly growing customer base that has now reached 1.3 million accounts.

Anne Boden, Welsh native, CEO and founder of Starling Bank said: “The Welsh tech sector is one of the fastest growing digital economies outside of London. Cardiff is also a bright, dynamic and entrepreneurial city with a supportive ecosystem which we are looking to tap into as we continue to grow our business and personal accounts.

“We believe that London’s success as a fintech hub should enable it to spread wealth and jobs throughout the UK and the wider economy. That’s exactly what we’re doing with this office in Cardiff.”

Since Starling launched in 2014, it has built up a workforce of over 800 employees in London and Southampton and has thrice won Best British Bank in the British Bank Awards.

Ken Skates, Economy, Transport and North Wales Minister said: “I am absolutely delighted to welcome Starling Bank to Wales. Our thriving fintech ecosystem has seen a number of companies make the move to Wales following Welsh Government advice and support, and it’s fantastic Starling has decided to do the same, creating 400 new jobs with more to come.

“As a government, we can be rightly proud of our role in growing the financial and related professional services sector in what is a very competitive global business environment.”

Around 45,000 people are employed within the digital economy in Wales with main hubs focused in Cardiff, Newport, Swansea and Wrexham. Universities across the country also support the sector by producing around 7,500 computer science and engineering graduates each year.

Starling has made a strong start to 2020 as it confirmed last month that it has raised a further £60 million from its existing investors, Merian Global Investors and JTC. The bank has also confirmed that it will award shares to all employees, allowing everyone in the company to share directly in its success.