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Revolut Leads Digital Banking Surge in The UK as Downloads Top Legacy Banks
- UK neobanks have achieved a milestone by surpassing traditional banks in app downloads, reaching 71.78M Android users.
- Revolut leads the neobank pack with 15.6M downloads in 2024.
Thursday, 19/12/2024 | 10:25 GMT by
Damian Chmiel
Revolut Share Sales Hit $1B Mark as Investors Cash In
- Revolut's early backers and employees have sold shares through a secondary offering, valuing the company at $45 billion.
- The sale attracted major institutional investors, including Mubadala and Goldman Sachs' private banking clients.
Monday, 16/12/2024 | 09:26 GMT by
Damian Chmiel
Investment Tech Provider to N26 and Revolut Raises €100M
- Berlin-based Upvest successfully closed Series C to scale its investment infrastructure technology that processes over 1M trades weekly.
- The company plans to expand in the UK and develop its products while serving major platforms, reaching 50M+ users across Europe.
Thursday, 12/12/2024 | 09:52 GMT by
Damian Chmiel
Revolut Applies for Bank License in New Zealand Following Its Launch in 2023
- The firm launched in New Zealand in July last year, processing NZ$350 million in transactions.
- The company offers cryptocurrency trading, a service not provided by any New Zealand bank.
Thursday, 05/12/2024 | 17:19 GMT by
Tareq Sikder
Revolut CEO Explains Why London Can’t Compete with Wall Street
- Nikolay Storonsky recently emphasized that the US market currently offers better IPO opportunities.
- He pointed out the 0.5% stamp duty on share transactions and limited liquidity as major barriers in the UK.
Tuesday, 03/12/2024 | 20:26 GMT by
Jared Kirui
Revolut's Plans for 2025: Is FinTech Eating the Banks’ Lunch?
- Revolut to roll out smart ATMs, AI-powered banking, and mortgages in an ambitious 2025 strategy.
- The hybrid model blends physical touchpoints with digital innovation.
- Traditional banks face pressure to modernize in the face of nimble FinTech competitors.
Monday, 02/12/2024 | 09:15 GMT by
Louis Parks
Bleap Secures $2.3M in Funding, as Revolut Grows Crypto Reach, M&A Team
- Two ex-Revolut employees raised funds to develop Bleap, a self-custodial stablecoin app.
- Users can spend stablecoins directly via a Mastercard debit card with no conversion fees on Bleap.
Thursday, 28/11/2024 | 11:18 GMT by
Tareq Sikder
Revolut Maps $100 Billion Revenue Target With US Banking Pivot
- CEO Nik Storonsky signals a potential new push for US banking license, acknowledging past regulatory approach was flawed.
- The fintech giant aims for ambitious growth, targeting 100 million customers and $100 billion in revenue.
Thursday, 21/11/2024 | 07:32 GMT by
Damian Chmiel
Revolut Launches UK and EU Stock Trading in 2025 Following FCA Approval
- The firm enters a competitive UK stock trading market, competing with Trading 212 and Freetrade.
- The fintech plans to explore tax-advantaged accounts and margin investing in the future.
Monday, 18/11/2024 | 13:55 GMT by
Tareq Sikder
Revolut Expands M&A Team and Rolls Out Revolut X to 30 EEA Markets
- The company's crypto exchange is expanding across Europe, providing access to over 200 tokens.
- With a UK banking license obtained in July 2024, the company plans to issue its own stablecoin.
Thursday, 14/11/2024 | 11:29 GMT by
Tareq Sikder
Revolut X Targets $200B European Crypto Market With Multi-Country Launch
- The fintech expands its standalone crypto exchange platform to 30 European markets following successful UK operations.
- Recently, the company received UK banking license and announced works on its own stablecoin.
Wednesday, 13/11/2024 | 10:18 GMT by
Damian Chmiel
Revolut Clashes with Early Investors over Blocked Share Sale
- The conflict involves an attempt by an investor to sell Revolut shares for approximately £4.5 million through Republic.
- This dispute is part of an ongoing tension between Revolut and early investors since its 2017 crowdfunding campaign.
Monday, 11/11/2024 | 17:24 GMT by
Jared Kirui
Revolut Urges Meta to Compensate Fraud Victims on Its Social Media Platforms: Report
- The fintech giant criticized Meta's recent data-sharing partnership with UK banks as inadequate.
- New UK regulations will require banks and payment providers to compensate victims of authorized push payment fraud.
Thursday, 03/10/2024 | 17:36 GMT by
Jared Kirui
Revolut Prepares for 2025 Mexico Launch after Obtaining Banking License
- According to the CEO, over 100,000 people are on the waiting list to become customers.
- The company plans to offer a no-limit bank account and free international transfers at launch.
Thursday, 26/09/2024 | 15:18 GMT by
Tareq Sikder
Exclusive: CMC Connect Breaks Down CFDs Deal with Revolut
- “It's exemplary of where we are going, and we will see more deals of that particular type and style,” said CMC's Group Head of Institutional Sales.
- He described the days of technology “due diligence” before sealing the deal as “a process of walking with one another, hand in hand.”
Tuesday, 24/09/2024 | 10:41 GMT by
Arnab Shome
Revolut Expands Crypto Offerings with Planned Stablecoin Launch
- The tech giant now joins competitors like PayPal, Ripple, and BitGo in the stablecoin market.
- This initiative comes as regulatory frameworks, such as Europe's MiCA, shape the future of crypto tokens.
Wednesday, 18/09/2024 | 12:46 GMT by
Jared Kirui
Visa and Revolut Announce Global Partnership to Enhance Business Payments
- The service reportedly enables businesses to transfer funds to over 78 countries and supports more than 50 currencies.
- The agreement is based on previous initiatives, such as Visa Direct-powered peer-to-peer payments and virtual cards for the B2B travel sector.
Tuesday, 27/08/2024 | 16:04 GMT by
Jared Kirui
Revolut Expands Merchant Payment Solutions with BigCommerce Integration
- This integration promises high payment success rates, low transaction fees, and next-day settlements.
- It allows over 45 million Revolut users to make payments directly from their Revolut balance.
Friday, 23/08/2024 | 19:37 GMT by
Jared Kirui
Bank of Israel Integrates Revolut into Payment System with New Identification Code
- The double-digit code allows the fintech giant to allocate user payment account numbers.
- This approval is reportedly part of Israel's integration of global fintech companies into the local payment system.
Tuesday, 20/08/2024 | 17:42 GMT by
Jared Kirui
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