Hot Fintech Startups London 2020 – Starling
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This new app only challenger bank has made an impact on the UK financial scene since it received its banking licence in 2016 picking up no fewer than three gongs at the 2019 Smart Money People British Bank Awards including Best British Bank, Best Business Banking Provider and Best Current Account Provider.
Starling was the first brand in the UK to launch a mobile-only current account and also offers business accounts which is a great advantage as well as all the features you’d expect from a high street bank.
As a result of this Starling Bank is close to £1 billion and will start turning a profit this year. Like, actually making money as a startup.
“We, as usual, like to do things differently – the Starling way,” said Boden. “And what we’re doing now is expanding our product range and innovation hand in hand with growing our businesses, with a clear path to reaching profitability.”
Startling are a worthy leader in our Hot list. Expect in 2020 to see Starling expand into Europe.
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