Tag: Anne Boden
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Turning Point! UK Neobank Starling Achieves Profitability!
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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…
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Change Of Strategy! UK Neobank Starling Withdraws Application for A European Bank!
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Amit the FinTech downturn, UK-based neobank Starling Bank has withdrawn its application for a European bank license with the Irish central bank. Starling will instead focus on selling its software-as-a-service product and expanding into new areas of lending, CEO Anne Boden told staff in a memo Monday. Starling is one…
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Introducing The FinTech Entrepreneur Anne Boden
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Anne Boden (Twitter) is a UK tech entrepreneur and is best known as the founder and CEO of Starling Bank. She developed the neobank with the reclusive Austrian investor Harald McPike-Zima, who reportedly invested at least £133m in Starling Bank for nearly two-thirds of the shares. Anne is undoubtedly one…
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UK FinTech Unicorn Starling Bank To Acquire Morgage Book Worth £500 Million!
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The UK FinTech unicorn, Starling Bank, founded by Anne Boden in 2014, has agreed to acquire a mortgage book worth about £500 million to broaden its assets beyond COVID-19 loans. The startup is buying the loan portfolio from specialist lender Masthaven, according to Financial Times. The acquisition contributes to Starling’s…
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Starling Bank CEO Anne Boden Calls Crypto A Threat To Our Financial System!
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Anne Boden, CEO of the Goldman Sachs-backed UK FinTech Starling Bank has doubled down on criticisms of crypto, calling digital currencies a threat to the safety of payment infrastructure. Cryptocurrencies are a threat to the safety of our payment schemes and very dangerous, she said at the Money 20/20 fintech…