Exclusive: Starling's top investor withdraws support for London IPO

Starling’s biggest backer pulls support for London IPO

Harald McPike is said to be losing patience with UK regulatory reform. Starling’s leadership has shifted from backing London to keeping options open. US expansion plans are fuelling talk of a New York listing.Starling Bank’s largest shareholder has cooled on plans for a London listing, according to an exclusive report by City AM, a development that could strengthen speculation the digital lender may instead pursue a US IPO. The report suggests g…

Exclusive: Starling's top investor withdraws support for London IPO

Starling’s elusive billionaire backer has gone cold on his ambition for the digital bank to list in London, City AM can reveal, in a move that will heighten fears of the fintech heading to New York for its highly-anticipated IPO. Harald McPike had lobbied for the group to launch its initial public offering in London but growing frustrations with progress around reforms to City regulations have led to a change of heart, City AM understands. “Thin…

Starling sets sights on US expansion via in-house tech sale - report

Starling Bank is looking to extend its reach in the US by offering its Engine software platform to American banks, according to Financial Times (FT), which referenced statements from the CEO of Engine by Starling. Advisers from Deloitte and PwC have been brought on board to assist Starling in finding potential banking clients for Engine, a cloud-based system that enables financial institutions to construct their own digital banking services. The…