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Starling Bank statistics
Here's everything you need to know about the fintech company looking to revolutionise banking.
Starling Bank is an app-based digital bank that’s making banking easy for its customers. Taking away all the bureaucracy that comes with traditional branch banking, Starling Bank provides its customers with instant and complete access to their finances.
Digital banking has seen a massive boom in recent years, with just over 1 in 10 Brits (12%) having now switched from branch banking to digital banking. And though nearly 47% of digital bank users currently keep less than £1,000 in such accounts, it is predicted that nearly two-thirds of banking customers will make the switch to a digital bank in the future.
Since launching in 2017, Starling Bank has been one of the most prominent disruptors in the industry, and it was a highly commended brand in Finder’s Banking Customer Satisfaction awards, as voted for by customers.
So without further ado, here’s everything you need to know about Starling Bank.
- Who founded Starling Bank? Welsh tech entrepreneur Anne Boden in 2014.
- Where are Starling Bank’s headquarters? The bank is headquartered in London, with another office in Southampton.
- How much funding does Starling Bank have? It’s total funding is $325.8 million.
- How much revenue does Starling Bank make? The bank made £1.4 million revenue in FY 2018.
Starling Bank’s growth over time
Having started off as a small fintech startup with only 89 people on its team, the company has grown immensely since its establishment. To date, Team Starling now consists of over 700 employees, with offices in London and Southampton.
The bank has more than 930,000 active users, a number that has grown significantly over the years. The growing customer base puts it ahead of competitors like Yolt and Tandem bank.
Weekly Google searches for Starling Bank
Starling Bank’s revenue
The bank has seen a substantial growth in revenue over the past three years, jumping drastically to improve the bank’s financial prospects. In 2016, Starling Bank saw an annual revenue of £12,800, however by 2018, its revenue had improved drastically, jumping to £1.4 million.
The overall assets of the company have also increased a lot over the past four years. In 2015, its assets were valued at £22,400. However, with increasing popularity, investments and a growing customer base, by 2018, the bank had amassed assets valued at £234.7 million.
Starling Bank’s employee overview
With over 700 employees, a majority of the bank’s hires are made for tech-centred positions. Besides that, broader/multi-category positions make up a bulk of the bank’s employees, along with a smaller percentage of employees working in support, finance, and sales.
|Sales and BD||2.40%|
|Marketing & PR||2.40%|
Some of the key figures at Starling Bank are:
- Anne Boden – CEO
- Tony Ellingham – CFO
- Greg Hawkins – CTO
- Julian Sawyer – COO
- Declan Ferguson – Chief Strategy Officer
- Clare Nestor – Head of Operations
- Stuart Leak – Head of Lending
- John Mountain – Chief Information Officer
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