Starling Bank CEO to step down after just two years, reports say

Starling Bank's CEO, Raman Bhatia, is reportedly set to resign after only two years leading the UK fintech company, as the business faces challenges such as slowing growth, regulatory hurdles, and uncertainty about its strategic direction. Martin Coulter, Sifted's news editor based in London, reported on these developments. Starling Bank had not been actively seeking new funding when it recently closed a $90 million round at a $800 million valuation, with investments from New Enterprise Associates, Index Ventures, and Speedinvest.

The fintech's latest fundraise follows its achievement of a UK banking licence, a long-awaited milestone.