Challenger bank Starling posts first annual profit since inception
The volume of retail and business deposits on the platform rose 55% to £9.03bn in the year through to March
Company
Starling Bank
PRIVATE:STAB
Our Story 30 years ago, our founder Anne Boden pioneered the UK’s first same-day payment service that transformed electronic money. Today, that revolutionary spirit inspires Starling — a mobile-only bank — as a way to put people back in control of their money. Our Product We built a bank from scratch to make money management simple. It’s a dynamic, fully functioning current account that keeps up with your spending, so come Monday morning there are no surprises. Find out more Our Vision We believe everyone should be able to enjoy a healthy financial life.
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The 'challenger' bank plans to grow beyond its current 2mln accounts, which amount to £5.4bn of deposits and £2bn of gross lending