Starling Bank chief’s stake slides as billionaire backer tightens grip

The chief executive of Starling Bank has lost her position as a major shareholder in the British fintech giant, following a large funding injection in February 2019.

Anne Boden, who founded Starling in 2014, ceased to be a person with significant control in the bank in April 2019, according to filings on Companies House.

A spokesperson for Starling told City A.M. the change was a result of the bank’s series C funding round in February, in which Boden had to dilute her shares in order to accommodate its two investors.

The fintech firm stands out from other tech companies, in that it has eschewed the typical venture capital route and until recently had relied solely on investment from Austrian billionaire Harald McPike.

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