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The bank is already profitable. It posted operating profits for a fourth consecutive month, and net income currently exceeds £1.5 “Customers now expect a fairer, smarter and more human alternative to the banks of the past and that is what we are giving them at Starling as we continue to grow and add new products and services.
It is not profitable yet, the startup said. What’s more, it is creating an alternative credit score for people based on driver behavior and payment patterns. It also wants to keep an eye out for expansion in markets like Qatar, Egypt, or Pakistan if it sees a substantial opportunity.
There’s no stopping innovation, however, and alternative sources of protein are increasingly becoming a choice people would rather make. If 2021 was anything to go by, there is an abundance of both companies and investors hungry for ways to scale and speed up the process — and do it profitably.
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