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Tag: Anne Boden

Great Job! UK Starling Bank Achieves Profitability!

Fintech Ben -
Founder and CEO Anne Boden had committed months ago, announcing that Starling Bank would become profitable before the end of 2022. British fintech startup on Thursday reported its debut annual profit as revenues at the firm almost doubled. 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 £31.5 million for the period to 31 March 2021. Revenue for the same period to 31 March 2022 was £188 million, up nearly 93% from 2021.

Strategy Change! UK FinTech Starling Withdraws Application for A European Bank!

Fintech Ben -
Amit the FinTech downturn, UK-based neobank Starling Bank has withdrawn its application for a European bank license with the Irish central bank.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 of the U.K.’s largest online-only banks, with more than 3 million clients, 500,000 of which are businesses.

Exposed! Starling Bank, Covid Profits, And The Secretive Austrian Beneficial Owner!

Fintech Ben -
A secretive Austrian billionaire controls the UK FinTech unicorn Starling Bank. In June 2015, the reclusive Austrian investor Harald McPike-Zima met its founder, Anne Boden, aboard his yacht in the Bahamas to discuss his investment in the then freshly squeezed neobank. McPike allegedly made his first fortune as professional blackjack player. The former hedge fond manager reportedly invested at least £133m in Starling Bank for nearly two-thirds of the shares and is the controlling person and beneficial owner of Starling Bank says the UK Companies House.

FinTech CEO Anne Boden Calls Crypto A Threat To Our Financial System!

Compliance Ben -
Anne Boden, founder and CEO of the Goldman Sachs-backed UK FinTech Starling Bank has doubled down on criticisms of crypto, calling digital currencies a threat to the safety of payment infrastructure. Cryptocurrencies are a threat to the safety of our payment schemes and very dangerous, she said at the Money 20/20 fintech conference in Amsterdam. Starling Bank offers fee-free checking accounts and loans through an app. The firm was last privately valued at $3.1 billion and counts the likes of Goldman and Fidelity as investors.

Respect! Starling Bank boss Anne Boden boycotts Facebook and Instagram!

Cybercrime tamir -
Mark Zuckerberg's company, now renamed Meta, is the operator of the two most prominent social media platforms, Facebook and Instagram. Allegedly, the renaming was also done because of Facebook's bad reputation. It is well-known that Facebook is a fake news platform and happily promotes scams. Facebook puts itself at the service of cybercriminals if they pay! It's all about money. Recently, scammers promoted the fraudulent Meta Token ICO via Facebook ads. Now the Starling Bank boss Anne Boden boycotts the meta prostitution. Respect!

Latest UK FinTech Unicorn Starling Bank secures £270m from new shareholders

Fintech Ben -
The C19 pandemic apparently didn't hurt the FinTech hype. On the contrary, while Wise (formerly TransferWise), CoinBase, or eToro have IPO plans with billion-dollar valuations, Sky News reports today that UK FinTech unicorn Starling Bank has received £270M from new investors. Quite impressive, isn't it. Starling Bank will on Monday unveil the biggest fundraising in its seven-year history when it announces that it has secured more than £270m from investors, including one of the world's biggest wealth funds.

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