Starling Bank stock price, funding rounds, valuation and financials

Starling Bank has raised $922.75 m in total funding. Starling Bank valuation is £1.1 b, and annual revenue was £108.81 m in FY 2020

£1.1 B

Starling Bank Mkt valuation

£108.8 M

Starling Bank Revenue FY, 2020
Starling Bank Gross profit (FY, 2020)97.6 M
Starling Bank Gross profit margin (FY, 2020), %89.7%
Starling Bank Net income (FY, 2020)-23.3 M
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Starling Bank Revenue

Starling Bank revenue was £108.81 m in FY, 2020

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Starling Bank Funding

Summary Metrics

Founding Date

2014

Starling Bank total Funding

$922.7 m

Starling Bank latest funding size

$69.23 m

Time since last funding

5 months ago

Starling Bank investors

Starling Bank's latest funding round in April 2021 was reported to be $69.2 m. In total, Starling Bank has raised $922.7 m. Starling Bank's latest valuation is reported to be £1.1 b.

Starling Bank Capital Raised

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Starling Bank Valuation

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Starling Bank Revenue Breakdown

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Starling Bank revenue breakdown by business segment: 56.3% from Interest Income, 39.6% from Fee and Commission Income and 4.1% from Other

Starling Bank Income Statement

Annual

GBPFY, 2018FY, 2019FY, 2020

Revenue

3.1m18.7m108.8m

Revenue growth, %

509%

Cost of goods sold

2.3m4.5m11.2m

Gross profit

750.0k14.2m97.6m

Gross profit Margin, %

24%76%90%

General and administrative expense

26.9m83.2m159.0m

Operating expense total

27.6m87.5m159.0m

Pre tax profit

(26.9m)(53.6m)(31.5m)

Income tax expense

(1.8m)(1.5m)(8.1m)

Net Income

(25.1m)(52.1m)(23.3m)

Starling Bank Balance Sheet

Annual

GBPFY, 2018FY, 2019FY, 2020

Accounts Receivable

8.7m54.3m2.2b

PP&E

616.0k2.4m2.1m

Total Assets

234.7m1.2b7.0b

Accounts Payable

202.3m1.0b5.8b

Total Liabilities

206.7m1.1b6.9b

Common Stock

5.0k7.0k9.0k

Additional Paid-in Capital

67.8m159.3m253.3m

Retained Earnings

(40.1m)(92.2m)(115.5m)

Total Equity

28.0m67.9m140.8m

Financial Leverage

8.4 x17.7 x50.1 x

Starling Bank Cash Flow

Annual

GBPFY, 2018FY, 2019FY, 2020

Net Income

(25.1m)(52.1m)(23.3m)

Depreciation and Amortization

1.8m3.1m7.0m

Accounts Receivable

(7.9m)(45.6m)(2.2b)

Accounts Payable

184.2m805.0m4.8b

Cash From Operating Activities

135.2m703.4m3.5b

Purchases of PP&E

(568.0k)(2.2m)(1.1m)

Cash From Investing Activities

(6.0m)(217.2m)(1.2b)

Long-term Borrowings

(2.2m)

Cash From Financing Activities

20.4m91.6m91.8m

Net Change in Cash

149.5m577.7m2.4b

Starling Bank Ratios

GBPFY, 2018

Revenue/Employee

18.2k

Financial Leverage

8.4 x

Starling Bank Operating Metrics

FY, 2017Aug, 2018FY, 2018Feb, 2019Aug, 2019Oct, 2019Nov, 2019FY, 2019Feb, 2020May, 2020FY, 2020Jun, 2021

Active Customer Accounts

43 k337 k460 k695 k930 k1 m926 k1.25 m1.4 m2.1 m2 m

Business Accounts

19 k30 k59 k80 k87 k155 k330 k

Countries

37

Currencies

19

Debit Cards Issued

315 k1.5 m

Deposits

£18.08 m£202.32 m£1.01 b£2.4 b£5.83 b

Deposits (Business and Sole Traders Euro)

€2 m€41 m

Deposits (Business and Sole Traders)

£467 m£3.34 b

Deposits (Retail Euro)

€33 m€140 m

Deposits (Retail)

£504 m£2.26 b

Euro Business Accounts

700

Monthly Transactions

10 m

Post Office Transactions Volume (Business and Sole Trader)

£5 m

Post Office Transactions Volume (Retail)

£2.8 m

Transactions

21.8 m

Transactions Volume (Business and Sole Trader Cards)

£217 m£1.82 b

Transactions Volume (Business and Sole Trader Euro Cards)

€41 m€3.9 m

Transactions Volume (Retail Cards)

£1.66 b£5.46 b

Transactions Volume (Retail Euro Cards)

€994 m€47 m

User Rating Count (App Store)

4.94.9

Starling Bank Human Capital

FY, 2020FY, 2019FY, 2018FY, 2017
Male (Leadership), percent60%
Female (Leadership), percent40%
Male59.8%62%65.6%
Female40.2%38%34.4%

Starling Bank Employee Rating

3.8163 votes
Culture & Values
3.7
Work/Life Balance
3.5
Senior Management
3.5
Salary & Benefits
3.4
Career Opportunities
3.5
Source