Ember

Starling Bank has completed its first acquisition in four years with the purchase of Ember, a London-based fintech specialising in digital tax and accounting software for small businesses.

Summary of transaction details:

• Value: Not Disclosed
• Sector: Fintech
• Advisor: Not Disclosed
• Key Entities: Starling Bank, Ember
• Location: UK

Note: The acquisition marks Starling's first takeover since its 2021 purchase of Fleet Mortgages and signals that consolidation in the UK fintech sector is set to continue. With digital tax compliance looming, Starling is positioning itself as a one-stop shop for both banking and accounting.