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Thursday, May 23, 2024
Tags Challenger banks

Tag: challenger banks

Starling Bank integrated PayStream for business customers

PayStream is online accounting software that is designed with contractors in mind and is now integrated into the Starling business account.

Starling Bank partners with Trillion Trees to support sustainability

Every time customer recommends Starling to someone and that person becomes a new Starling customer through the referral journey, Starling’ll plant a tree as a thank you.

Starling launches Kite card for kids

British challenger Starling Bank is set to launch the Kite debit card, which is dedicated to being used by children up to the age of 16.

Starling bank ‘on track to break even’ despite the losses doubled to £52m in 2019

Starling bank recently announced that it generated £6.7 million for the month of July 2020, meaning that it could make annual revenue of £80m.

Challenger vs. incumbent banks, who is going to win the customer over?

Revolut managed to raise $80 million from TSG Consumer Partners while Monzo bank’s losses jumped from £47.2m to £113.8m. CFTE has done a research among its employees to see if challenger banks stand a chance to ever replace the incumbent banks so customers use them as their primary account.
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