Tagged: anne boden

UK Banking Challenger Starling Reports Breaking Even, Might Become First New Digital Bank to Reach Profitability

UK-based digital bank Starling recently revealed that it managed to break even and claims that it may be on track to become the first banking challenger to reach profitability. Starling Bank’s management noted that it’s the first of the new digital banks (which includes Monzo,… Read More

UK based Digital Bank Starling Is Reportedly Planning to Secure $263 Million in Additional Funding

UK-based digital bank Starling is reportedly planning to secure £200 million (appr. $263 million) in additional capital in order to further expand its business operations. Starling Bank may consider launching an initial public offering (IPO) in the foreseeable future. Starling has hired Rothschild to focus… Read More

Starling Bank Adds Desktop Version of Banking Site

Digital bank Starling has announced the launch of online banking for its personal and joint bank account customers. The new online portal will allow Starling Bank’s customers to manage their money from their desktop or laptop as well as their smartphones. Previously, Starling had been… Read More

Starling Bank Loan Book Now Tops £1 Billion, Break Even in Sight by End of 2020

Starling Bank CEO and founder Anne Boden has published the Fintech’s annual letter as well as a trading report for July 2020, and there are some encouraging comments in the missive. Boden notes that since November 2019, the bank’s “performance has been strong.” In fact,… Read More

Pension Solution Penfold Added to Starling Bank Marketplace

Starling Bank, a top UK based digital bank, has added Penfold to its Marketplace. Starling’s Marketplace integrates optional third-party solutions to Starling’s users. Penfold is a pension service that enables self-employed individuals to set up and manage a pension. Penfold’s has been designed for freelancers,… Read More

Starling Bank Adds US Dollar Account Feature, Business “Toolkit”

Digital bank Starling Bank is offering two new features targeting their growing number of business accounts. First is a US dollar account that allows them to spend directly in pounds or dollars with a single card. The second is a “Business Toolkit” that includes a… Read More

Digital Bank Starling Adds New Services to Marketplace Including Slack, Health Insurance

UK based digital bank Starling Bank has added three new integrations to its Marketplace: Slack, the workplace messaging platform, Bionic, the energy switching service, and Equipsme, a health insurance provider, according to a company release. Starling Bank has taken the approach of providing many forward-thinking… Read More

Digital Bank Starling Issues Bounce Bank Loan Scheme (BBLS) Update, CEO Anne Boden Joins UK Finance Board

UK-based Starling Bank issued an update on June 1, 2020 regarding the Bounce Back Loan Scheme (BBLS). The British Business Bank has been approving new lenders for several COVID-19 support schemes. As previously reported, JCB Finance will join the other 18 BBLS lenders who have… Read More

Starling Bank Raises £40 Million From Existing Investors, Total Raised for the Year Stands at £100 Million

Digital bank Starling bank has raised £40 million from existing investors according to a note from the Fintech. Starling said the funding was led by JTC and Merian Chrysalis Investment Company Limited. Anne Boden, founder and chief executive of Starling Bank, commented on the news: “This… Read More

Starling Bank CEO Provides Update on CBILS Lending, Doubles as Customer Support

Starling Bank, a leading UK digital bank, has been moving rapidly to implement COVID-19 business relief programs authorized by the UK government. Starling is the first Fintech to be approved as a Bounce Back Loan (BBLS) provider and, earlier this week, Starling and Funding Circle… Read More

Digital Bank Starling Bank Comments on Being Accredited as a CBILS Lender

Following approval by the British Business Bank as  CBILS lender, Starling Bank – a digital-only bank, has issued a statement. Starling is a fully licensed and regulated bank, founded by Anne Boden, former Allied Irish Banks COO, in 2014. Helen Bierton, Starling Bank’s Chief Banking… Read More

UK’s Fintech Alliance Launches New Mentoring Hub to Connect Industry Leaders with Startup Founders

The Fintech Alliance has introduced a new program via its platform, called the Fintech Alliance Mentoring Hub. The hub will help financial technology industry leaders connect with startup founders, entrepreneurs and other professionals who want to gain more experience and move up the career ladder… Read More

Starling Bank Creates 400 New Jobs with New Location in Cardiff

Digital bank Starling Bank has opened a third UK office – this one in Cardiff. According to a note from the Fintech, the office will create 400 jobs in Wales. The new operation will grow Starling’s back-office operation that includes data science, customer service and… Read More

UK-based Challenger Starling Bank to Use Irish Banking License to Expand Operations Across Europe

UK-based banking challenger Starling Bank intends to use its Irish banking license to make its way into other European nations in the coming years, Anne Boden, the company’s CEO, confirmed. During a recent interview with IBS Intelligence, Boden, founder of Starling Bank, noted that the… Read More

We Help Businesses Fly: Digital Bank Starling Bank Promotes SME Services

Digital bank Starling has kicked off a new advertising campaign focusing on banking services for SMEs, according to a release. The digital pitch promotes Starling Bank as supporting small businesses claiming the bank helps your business fly. Starling Bank is said to be spending “multi-millions”… Read More

Starling Bank Points to Micro-Businesses & Burden of Managing Financial Tasks

Digital challenger Starling Bank is highlighting research that points to the burden of micro-businesses when it comes to managing financial admin demands. Starling notes that there are an estimated 5.6 million micro-businesses (0 to 9 employees) in the UK. According to the research, which surveyed… Read More

Digital Banking: Starling Bank Raises £30 million Led by Merian Chrysalis

Digital bank Starling Bank has raised £30 million in a new funding round, according to a company release. Merian Chrysalis Investment Company Limited is leading the round with an investment of £20 million. Starling’s existing investor, JTC, has topped off the round with £10 million…. Read More

UK-based Challenger Bank Starling Teams Up With Nimbla to Provide Insurance Cover from Financial Losses

UK-based digital bank Starling teamed up with Nimbla, a digital insurance platform, in order to provide its 65,000 small business clients the ability to protect themselves from potential financial damages resulting from bankrupt customers. Starling’s business customers can avoid financial losses by acquiring insurance coverage… Read More

UK-based Fintech Starling Bank Launches New Online Banking App for Business Clients

London-based digital bank Starling Bank has introduced a new online banking app that allows its business clients to manage their funds more efficiently, according to a release. In addition to providing a mobile banking application, Sterling Bank offers a debit card that allows users to… Read More

Digital Challenger Bank Starling Bank Adds Insurtech Digital Risks and Cybersecurity Platform CyberSmart to Marketplace

Starling Bank, a digital-only challenger bank, has added two new partners to its marketplace feature. According to a note from the bank, Starling is now offering access to SME Insurtech Digital Risks and cybersecurity platform CyberSmart. Both services are available to customers of Starling Bank… Read More

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