Fintech

Starling Bank turns a monthly profit for first time since launch

Rival Revolut previously broke even for one month in 2018 — but hasn't done it again since

Starling Bank's trading update on 20 November, showing it posted a profit, makes it the first digital consumer-facing bank to become profitable  but only among those with a British banking licence.
Starling Bank's trading update on 20 November, showing it posted a profit, makes it the first digital consumer-facing bank to become profitable but only among those with a British banking licence. Photo: Getty Images

Starling Bank has said it posted a profit of £800,000 in October, marking its first month in the black.

It is also the first British consumer-facing digital bank to do so.

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