Three of the UK's most prominent neobanks are on the hunt for fresh funding - Business Insider

Reuters. Because they aren't bringing in profits of their own, neobanks will be dependent on external sources to fund their growth until they can find a way to monetize their business models. breaking even in the near future, despite having the lowest total customer count. Starling CEO and founder Anne Boden said earlier this month that Starling is "demonstrating a path to profitability that other digital banks have not," and that it plans to break even at the end of 2021.

And its most recently reported losses, as noted above, are slightly lower than its rivals', despite the fact that it only reached 1 million customers in November — a total well below Monzo's 3.3 million and Revolut's 8 million. This contrast suggests that Starling's slow-and-steady approach to growth and strong push for business clients could be strategic tenets that help neobanks achieve sustainable growth.

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