Wednesday 15 March 2017 10:33 am

Transferwise partners with Starling Bank ahead of digital challenger's imminent launch

Transferwise, the unicorn-valued fintech startup, is partnering with another new disruptive finance startup on the scene – Starling Bank.

The money transfer service will be integrated into the app of the challenger bank set up by former Allied Irish Bank operating chief Anne Boden which is set to launch in the coming weeks.

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"TransferWise’s technology and business model have been transformational for millions of people sending money abroad and transferring currencies. They ensure convenience, offer the real exchange rate, and put the customer first," said Starling platform chief Megan Caywood.

It's the first partnership between Transferwise and a UK bank – it last year partnered with German challenger bank N26 and earlier this month integrates its service into Facebook Messenger.

Just yesterday fellow fintech Revolut revealed a partnership with peer-to-peer lender Lending Works to offer loans to customers as fintech's look to partner up on offering different financial products to users rather than building them in-house.