How Starling Banks Engine is launching banks around the world
Summary
The move, alongside a new boss at Starling, could help it grow internationally, an important step to a potential future Initial Public Offering. Because youre taking patterns, practices technology that weve proven and even the partners, were working with are building experience in the platform. It aims to onboard 250,000 customers in one year, a target they have made a dent in having seen 100,000 sign ups in the space of two weeks. Everington says: There is a real interest from all over the world in Starling as one of the few successful digital banks anywhere thats really profitable, apart from Nubank in Brazil. Engine makes money from its commercial model by charging the banks it works with per customer and per product type they have on the platform.