Goldman Sachs invests $69 million in Britain's Starling Bank

British digital bank Starling said on Monday that Goldman Sachs had invested 50 million pounds ($69 million) in the UK lender.

The investment is an extension of Starling's oversubscribed 272 million pound funding round, valuing the bank in excess of 1.1 billion pounds, Starling said in a statement.

"Goldman Sachs will bring valuable insight as we continue with the expansion of lending in the UK, as well as our European expansion and anticipated M&A," Starling's founder and Chief Executive Anne Boden said.