Starling Bank adds PayPal’s iZettle to its Business Marketplace

By Megha Bhattacharya

Starling Bank recently announced that it has added PayPal’s iZettle to its Business Marketplace. The new development will facilitate the provision of in-depth transaction information to business owners. The integration of iZettle will give SMEs information about sales, fees, tips and taxes.

iZettle’s addition is expected to offer Starling’s customers with 30 services. Other existing providers include online accounting software from Xero and QuickBooks, flexible insurance from SuperScript and project management from UnderPinned.

Anne Boden, founder and CEO of Starling Bank, said, “This integration will help Starling’s SME customers see granular information on their payouts from iZettle as well as offering them an easier way to manage their transaction data for bookkeeping purposes, saving them time and effort.”

Customers subscribing to Starling’s Business Toolkit, which offers a suite of third-party services aiming to simplify business admin for £7 per month, there are additional benefits, including the option to record iZettle transactional data for bookkeeping purposes.

Jacob de Geer, Vice President of Small Business Products and iZettle, PayPal, added, “It’s fantastic to support new and existing small business owners through our integration with Starling Bank. Together, we can help merchants across the UK access critical sales data and analytics in one place so they can make important decisions that allow them to sell smarter and grow their business.”

Recently, Starling announced that digital wealth manager Nutmeg has joined its Marketplace. The new addition is expected to help the Bank’s personal and sole trader customers connect their banking to their investment accounts and pensions. The new integration will give Starling’s growing customer base the ability to keep track of their pension and investment balances all within its app.