Accounting and Tax

Turning Point! UK Neobank Starling Achieves Profitability!

Founder and CEO Anne Boden had committed months ago, announcing that Starling Bank would become profitable before the end of 2022. As a matter of fact, the digital bank swung to a pre-tax profit of £32.1 million for the financial year ending 31 March 2022 from a pre-tax loss of £31.5 million for the period to 31 March 2021. Revenue for the same period to 31 March 2022 was £188 million, up nearly 93% from 2021.

Tax Platform April Raises $30 Million From Fintech Veterans!

April, a personal income tax platform embedded in digital finance apps, successfully raised $30 million in a Series A funding round backed by Treasury, a fintech infrastructure-focused fund, and QED, Nyca Partners, Team8, Euclidean Capital, and Atento Capital. The US company, co-founded by Ben Borodach and Daniel Marcous, has raised $40 million since its inception in January 2022.

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