Starling has just finished its third profitable year amid plans to expand its software operations. The British neobank on Wednesday (June 12) released its annual report, showing a 54.7% increase in pre-tax profits, to 301.1 million pounds ($384.3 million). The firm’s revenues rose by 50.6% to 682.2...
United Kingdom neobank Starling reportedly does not plan to reapply for a European Union banking license. Instead, the company will try to expand internationally via its software business, incoming CEO Raman Bhatia told CNBC Wednesday (June 5). “I am very bullish about this approach around...
Monzo is one step closer to achieving annual profitability by the end of this year. The firm’s latest earnings show that the U.K.-based neobank’s annualized revenues increased by 250% to 440 million pounds (about $542 million) in the year to December 2022. The figures, first...
As inflation bites, European consumers are turning to cost-cutting tools and techniques this holiday season. In fact in the U.K., a poll by Accenture found that 70% of all adults are planning to cut back on festive spending this year, while about 49% said they...
July 31, 2022
The U.K. is home to popular digital-first challenger banks valued at over $1 billion such as Monzo, Revolut and Starling. Zopa, another British FinTech which has been around as a peer-to-peer lending service since 2005, gained prominence after raising $300 million at a $1 billion valuation in October 2021 and has recently launched a buy […]
June 19, 2024
Starling Bank is reportedly taking several debtors to court amid a U.K. financial watchdog’s investigation. The neobank has filed petitions against 24 companies that have defaulted on their loans, the Financial Times (FT) reported Wednesday (June 19), citing court records. The publication said its analysis of these companies’ filings show that most of them have […]
June 12, 2024
Starling has just finished its third profitable year amid plans to expand its software operations. The British neobank on Wednesday (June 12) released its annual report, showing a 54.7% increase in pre-tax...
June 05, 2024
United Kingdom neobank Starling reportedly does not plan to reapply for a European Union banking license. Instead, the company will try to expand internationally via its software business, incoming CEO...
April 26, 2022
U.K. digital bank Starling has seen its valuation double to over £2.5 billion ($3.15 billion), the Financial Times reported Tuesday (April 26). Starling is reportedly trying to build on the...
