Tags Anne Boden
Tag: Anne Boden
Unlike its competitors, Starling Bank has achieved break-even this October and expects to be monthly profitable from here onwards on an operating profit basis.
According to a report released today by IPSE about one million UK-based freelancers have been pushed into debt since the pandemic hit.
Starling Bank is a UK-based challenger bank founded by Anne Boden and it has just raised another £40 million in the latest funding round from its existing investors.
With regard to the coronavirus crisis, Boden is sure this will bring the demise of cash money. But she is also aware that this doesn't just bring benefits as it comes with other challenges.
Starling Bank has just announced the 'Connected card'. This is a second card that customers can link to their existing accounts and give it to anyone they trust to pay for groceries and other essential items on their behalf.
In a major boost to the growing fintech sector in the Cardiff Capital Region, Starling Bank is investing in new data science, fraud and customer service hub in the city.
For a few years now, consumer attitude towards finance and banking has been changing. A rapid rise in digital consumption has resulted in more technology and innovation than ever before, with total fintech investment in Europe skyrocketing to $58.1bn in 2019.*
Monzo has reached a combined total of 135,000 customers for its two premium bank account options since their launch in 2020 and now it extends their benefits.