With its most recent valuation placing it at US $ 1.6bn , London-based Monzo serves five million customers across the UK and US .

Founders Tom Blomfield , Jonas Huckestein , Jason Bates , Paul Rippon , and Gary Dolman launched the bank in 2015 . By 2016 , the digital banking app set a record when it raised over $ 1mn on Crowdcube .

Blomfield stepped down as CEO in May 2020 . The current CEO , TS Anil , stepped in to hold both the UK and US titles until Carol Nelson joined the US leadership team in 2021 .

Launched by banking veteran Anne Boden in January 2014 , Starling Bank is a digital challenger based in London that specialises in current and business accounts .

In April 2022 , Starling completed an internal fundraising round of US $ 152.5mn , with a pre-money valuation of over $ 2.9bn . Investors include Goldman Sachs , Fidelity , RPMI Railpen , Qatar Investment Authority and Harold McPike .

Starling Bank currently serves 2.7 million customers and saw revenue increase by 600 % in its most recent set of financial accounts .

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