Starling is 'very much on track' to post its first full year of profitability in 2022, CEO Anne Boden said.
Losses totaled £23.3 million in the six months ending March 2021, down 55% from the £52.1 million Starling lost in its last annual accounts.Starling is "very much on track" to post its first full year of profitability in 2022, CEO Anne Boden said.LONDON — British digital bank Starling reported a sevenfold increase in revenue in the 16 months ending March 2021 as its lending soared, helping to cut losses in half.
The London-based firm has been significantly growing its balance sheet amid a surge in lending thanks to government-backed financing schemes aimed at helping businesses through the coronavirus pandemic.
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