Starling Bank is reportedly considering listing on a U.S. stock exchange, a move that would represent a notable shift from its previous commitment too a London IPO. While the decision is still “in flux,” the bank’s focus on expanding its U.S. presence, notably with its software-as-a-service business, Engine by Starling, appears to be a key driver.
This potential U.S. listing comes as Starling explores various expansion options in the American market, including the possibility of acquiring a U.S. bank. The bank has already established a U.S. subsidiary and is seeking a regional headquarters on the East Coast, aiming to offer its cloud-native technology to a large number of mid-tier banks, community banks, and credit unions. This strategy aligns with the growing trend of credit unions seeking specialized technology providers to enhance their innovation efforts in areas like fraud prevention and member experience.