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Peer2Peer Finance News | February 23, 2019

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Goji to improve payment solutions with Starling partnership

Goji to improve payment solutions with Starling partnership
Tim Evershed

DIRECT lending investment manager Goji has partnered with Starling Bank as it aims to improve its payment solutions processes.

The partnership will allow Goji to provide its clients with an ISA-compliant CASS solution that is run over Faster Payments.

It means Goji’s clients can offer their investors a seamless, but CASS compliant, payments solution.

These include direct lending investments through tax-efficient wrappers such as the Innovative Finance ISA, SIPPs and SSASs.

“Partnering with Starling is fantastic news for us,” said Jake Wombwell-Povey, chief executive of Goji.

Read more: Goji launches SIPP wrapper for direct lending bonds

“We can now offer our clients an even better client money solution, and that strengthens our product and our position in the market.

“We wanted our new partner to be a challenger bank rather than a more established institution because it fits with our own values, and Starling have really delivered for us.”

The partnership will allow Goji to use Starling’s APIs to access its payments services offering.

Read more: Goji hits £100m in assets and partners with SimplyBiz

Starling is currently the only provider of real-time access to faster payments through APIs.

“We’re delighted to be partnering with Goji on their platform technology service,” said Julian Sawyer, head of banking services at Starling Bank.

“Goji are disrupting the direct lending industry by bringing it to new audiences in new ways, and as a challenger bank ourselves, we love working with businesses that have the same attitude; questioning how things are done and using technology to do it better.”

Read more: Goji targets corporate clients for bond business