UK-based mobile bank Starling Bank has launched accounts for small businesses, with no fees for payments or withdrawals, according to reports today.
The business accounts will be entirely mobile—in keeping with Starling’s fully mobile strategy—and will allow owners to make international payments to their suppliers, export transactions for accounting, and set aside money for taxes.
The app will also provide business owners with the ability to track their spend, as well as provide notifications each time the business receives funds. Additionally, businesses will be able to access Starling’s Marketplace, which would allow them to partner with other services and platforms via API.
Begun in 2014, Starling Bank has raised about $70 million in funding for its platform. The bank does not disclose its customer numbers, though they are in the “tens of thousands,” Starling CEO Anne Boden told Telegraph late last year.
Read more at Finextra and Starling Bank.