Tag: Starling Bank

UK digital lenders Revolut, Starling Bank and Monzo have reported massive annual losses. What does it mean for their future?

Revolut annual losses jumped from £32.8m in 2018 to £107.4m in 2019, but the neobank is still hoping to break even by 2021.

Even though UK-based FinTech unicorn Starling Bank has seen its losses skyrocket to reach £53.6m in the last year, it still has reason to celebrate.

UK challenger bank Tide has frozen the issuing of Bounce Back Loans for small businesses after its funding efforts fell through, leaving customers crestfallen and in tears.

UK challenger bank Starling Bank is reportedly looking to raise yet more funding this year, with the hopes to create more products for small and medium-sized businesses (SMEs).

Having left Starling Bank back in 2016, Mark Hipperson is now back with his new venture Ziglu, which has just bagged ?5.25m in seed capital.

From regulatory loops to jump through to massive competition, European challenger banks have many obstacle to overcome if they want to expand across the pond.

Keeping up with all the comings and goings of the FinTech space is far from easy, but don't worry. We've got you covered with the deals that sent shock waves across the sector in the last week.

UK challenger bank Starling Bank, has secured a further £40m in funding, just months after raising £60m.

Several small business owners have criticised Starling Bank for its handling of the governmental coronavirus relief loans scheme and now the challenger bank founder has responded to the criticism.