Starling adds three new companies to its Marketplace including remote working staple, Slack

By Aisling Finn on Monday 15 June 2020

Digital Banking

The Slack, Bionic and Equipsme integrations are a first for Starling’s Marketplace in the areas of communications, energy and health.

Starling adds three new companies to its Marketplace including remote working staple, Slack
Image source: Anne Boden/Starling Bank

 

Starling Bank has integrated three new companies into its Business Marketplace of third-party providers.

The digital bank has added work-from-home favourite messaging app Slack, energy switching service Bionic and health insurance provider Equipsme.

Starling’s marketplace, which is used by one-third of its 177,000-strong business customer base, currently offers 26 services that users can link into their banking app.

Anne Boden, founder and CEO of Starling Bank, said: “These new Marketplace integrations are bringing added value to our business customers, helping them to save money on utilities, incentivise their staff with health insurance and sync their Starling app with Slack so their teams can enjoy real-time spending notifications wherever they’re working.”

Matthew Reed, founder and managing director of Equipsme said: “Our integration with Starling makes it easier for more small businesses to offer practical and affordable health and wellbeing support for their teams.”

Healthtech Equipsme is offering businesses with 2-20 employees free cover until August through Starling’s marketplace, which Reed said is “to support small businesses at a time when the way we live and work has changed beyond recognition."

As of late, Starling has been the target of criticism over its handling of dishing out government-backed loans, specifically its Bounce Back Loan offering, following reports of rejections and stalling.

The digital bank has dished out over £600m in government-backed loans and has provided fellow fintech lender Funding Circle with a £300m lending facility to help it bolster its SME lending.

Starling also recently raised £40m, taking its total raised this year to £100m, to help the bank support SMEs even further. 

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