Revenue for the bank also rose sharply during the latest accounting period. The bank posted revenue of almost £100 million, an increase of nearly seven times the previous revenue of £14 million. These improved financial results combined with relaxed laws around going public means that Starling Bank is looking into the opportunity to float. After…
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By the end of the next financial year-end, Starling will be set to report its first ever complete year in profit. The announcement of Goldman Sachs’ significant investment will be a key factor in driving Starling’s ongoing lucrative growth. While the announcement has been made, the transaction is still subject to approval from regulators. James…
Read moreRaphaels Bank is to begin offering Faster Payments services to UK fintech companies as it becomes the first new bank to connect directly to the scheme since its inception in 2008. The 230-year old bank is the 12th direct participant of the Faster Payments Scheme, which is creating new access arrangements to open up the…
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