Starling starts to soar: Digital bank doubles customer account numbers

starling starts to soar digital bank doubles customer account numbers

Sumary of Starling starts to soar: Digital bank doubles customer account numbers:

  • Revenues at Starling rose last year as it doubled its customer account numbers and raked in billions more in deposits.
  • The digital bank, which has no branches but allows individuals and small businesses to do their banking through a mobile phone app, pulled in revenues of £97.6million in the 16 months to March 31 – up almost 600 per cent on the prior year.
  • Starling’s customer numbers jumped from 926,000 to 2.1m, and deposits grew from £1billion to £5.8billion.
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