Starling Bank is planning to become the UK’s first digital-only lender to be listed on the stock market, according to Daily mail.

Its founder and chief executive Anne Boden has ambitions to float Starling, best known for its turquoise debit cards and flashy mobile phone app, as soon as 2022.

The digital bank has so far raised £263million from start-up investors since it was founded in 2014, which it has used to build its banking app and a payments platform used by top-tier lenders and the Government.

When those investors want to cash in, Boden plans to list her business on the London Stock Exchange through an initial public offering (IPO) rather than selling it to a major High Street banking rival.

ANNONS
ANNONS