Anne Boden, the founder of Starling Bank, has sold her remaining stake in the digital lender at a valuation of £1.7bn, according to reports covered by Sifted. The sale is described as having taken place at a cut-price valuation, implying a lower figure than the bank's previous private market worth.
The transaction represents the final disposal of Boden's shares in the company she launched, bringing her direct financial involvement to a close. Sifted notes that the details come from reports, and no official confirmation from Starling or Boden has been cited.
This development comes as Starling, once one of the UK's most prominent fintech challengers, continues to navigate a tougher funding environment. The reported valuation marks a notable step down from earlier fundraising rounds, though the exact prior figure is not stated in the source.