Starling Bank can set ambitious targets now its revenues exceed its operating costs, but potential acquirers should know the company’s mission is to change banking and not to sell up.
Receiving its UK banking license in 2016, the app based challenger bank was one of the early cohort of new banks harnessing the latest technologies to take on the traditional high street giants. Last month, it reported its first profit and the first of the UK’s consumer-facing challenger bank community, a major landmark for any new bank and a launchpad for raising the bar.
Starling’s rise is no secret. It