Earlier this month, we noticed that several popular American fintech companies were seeing rapid revenue growth thanks to high interest rates. Basically, interest-driven revenue was helping offset declines in consumer trading activity at Coinbase and Robinhood as people pulled back from active trading when the economy soured.
The Exchange explores startups, markets and money.
Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.
Part of that economic spoiling was caused by interest rates rising around the world, but with countries taking a more measured approach to interest rate hikes, you could argue that we’re nearing the current economic cycle’s peak rate environment. Regardless, this increase in interest rates has created a massive growth opportunity for fintechs, both public and private.
Enter Starling, a UK-based neobank that has raised $1.1 billion to-date, per Crunchbase. The company’s in the news today due to its long-time CEO and founder Anne Boden stepping down. As TechCrunch’s own Ingrid Lunden pointed out in her piece, if “there is an underlying story behi …
