Skip to content

Starling Bank hits 6 million downloads milestone

Starling Bank hits 6 million downloads milestone
Paul L.

United Kingdom-based Starling Bank is gaining significant traction in the country as per the number of mobile app downloads. 

As of February 2023, Starling Bank mobile app downloads had hit 6.08 million, with the UK accounting for the highest share of  5.8 million, data by Statista indicates. 

The magnitude of the lender’s business in the UK is highlighted by the fact that the region accounts for 95% of all downloads in the countries the challenger bank operates in. Other countries with notable Starling Bank app downloads include Romania (46,660), Spain (41,955), Italy (28,675), and Ireland (27,247). 

Starling Bank app downloads by country. Source: Statista

The downloads data comes after the company reported its first-ever profit in July 2022, driven by increased services around lending. At the same time, the bank has benefited from the government-backed lending schemes introduced in response to the coronavirus pandemic. 

Despite the impressive downloads in the UK, the data highlights the task ahead for the lender regarding expanding across Europe. 

Starling growth plans

In the meantime, Starling expects its profits to quadruple in 2023 as the overall economy is being plagued by uncertainty. 

“But as we have seen, markets have a nasty habit of correcting. Many start-ups and scale-ups are having difficulty raising funding now. And it’s fair to say that for a while, some private market valuations became inflated, with predictable consequences for some. <…> We’re profitable, very well capitalised, and have no need to raise money,” said Starling founder and CEO Anne Boden.

Notably, the bank, backed by investors such as Goldman Sachs (NYSE: GS) and Austrian billionaire Harald McPik is facing increased competition in the fintech space. For instance, Starling is jostling for a market share with entities such as Monzo

In this line, both Starling and Monzo, at some point in 2022, recorded the highest net switching gains for current accounts in the UK. Similarly, as of February 2023, Monzo recorded more diversified app downloads in the UK, standing at 82%

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Paul L.

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.