to further aid businesses during the pandemic. Beyond driving revenues, these moves boosted Starling's standing in the UK business banking space and set the stage for the neobank to establish valuable long-term relationships.
Starling's approach could serve as a blueprint for neobank profitability going forward. Navigating a path to profitability has been a for neobanks regardless of how many account holders they accrue, as they often take losses by offering fee-free services to incentivize sign-ups. And while Starling is smaller than competitors by user numbers—Revolut counts 12 million and Monzo has 4 million, compared with Starling's 1.8 million—breaking even by 2021 could confirm its hypothesis that achieving sustainable growth is more important to profitability than focusing primarily on customer acquisition.Join other Insider Intelligence clients who receive this Briefing, along with other Banking forecasts, briefings, charts, and research reports to their inboxes each day.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
What it's like to run for Congress as a Black American in 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »
LIVE: Here come Amazon's Q3 2020 earnings - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. good
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »
LIVE: Here come Facebook's Q3 2020 earnings - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 95% only bad news( Jesus, he is a mutant......just so freaky
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »
Microsoft reports strong growth for LinkedIn and cloud platform Azure in Q3 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. thanks
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »
Over 50 execs have praised influencer marketing to investors in 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »