British digital bank Starling reported its debut annual profit Thursday as revenues at the firm almost doubled.
"If you look at the listed markets and certain entities such as buy now pay later and such like, we see a huge correction going on there."
In Starling's case, the company likely won't list its shares publicly until 2023 or 2024, Boden said. Starling itself was last privately valued at £2.5 billion in a funding round closed earlier this year. The firm's shareholder base includes the likes ofThe firm benefited from a sharp increase in mortgage lending after the acquisition of specialist lender Fleet Mortgages. Its loan book increased 45% to £3.3 billion in its 2022 financial year.
Starling had also been boosted by government-backed lending schemes introduced in the wake of the coronavirus pandemic, in particular the Bounce Back Loan Scheme.
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