Tag: Starling Bank
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High-Level Political Intervention Could Get Revolut The UK Banking License
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FinTelegram recently reported that the Revolut banking license in the UK may or may not be granted. Speculation suggests that regulators might deny Revolut the license. However, the UK government has intervened and facilitated high-level political discussions with Revolut, the UK’s highest-valued fintech as part of its growth strategy.
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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Amit the FinTech downturn, UK-based neobank Starling Bank has withdrawn its application for a European bank license with the Irish central bank.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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Former SWIFT CEO Lazaro Campos Becomes Independent PPRO Chairman
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The FCA-regulated digital payments processor PPRO has appointed former SWIFT CEO Lázaro Campos as its first independent chairman to strengthen its board and governance in the next phase of the company’s growth trajectory. According to his LinkedIn profile, Campos is also a Non-Executive Director at the UK-based FinTech unicorn Starling…