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Payments

Revolut Expands B2B Services to Singapore, Offering Global Payment Solutions

  • The firm introduces four business plans in Singapore with free trials.
  • The B2B platform provides multi-currency accounts, debit cards, and access to over 150 currencies.
Tuesday, 06/08/2024 | 04:32 GMT by Tareq Sikder
FinTech

Revolut Becomes a UK Bank, but What Does a 'Mobilisation' Stage Mean?

  • Revolut has up to 12 months to exit the ‘mobilisation’ stage.
  • The fintech will continue to offer services as a payment institution while it is in the ‘mobilisation’ stage.
Thursday, 25/07/2024 | 09:53 GMT by Arnab Shome
FinTech

Breaking: Revolut Receives The UK Banking License after 3 Years of Efforts

  • The fintech giant has secured a PRA's authorization, allowing it to expand services in its largest market.
  • It is also reportedly nearing a deal that could value it at $45 billion.
Thursday, 25/07/2024 | 07:10 GMT by Damian Chmiel
FinTech

$40B Valuation Lures Revolut CEO to Sell Up to "Hundreds of Millions of Dollars" in Stake

  • The British fintech is seeking a valuation of $40 billion for the upcoming secondary sale.
  • It closed the year 2023 with a pre-tax profit of £438 million.
Monday, 08/07/2024 | 05:21 GMT by Arnab Shome
Executives

Capital.com Hires Revolut's Tarek Mahassen as Head of Risk in MENA

  • Most recently, Mahassen was the Group Senior Operational Risk Manager at Revolut.
  • He also served as the Business Risk Manager at the fintech giant.
Wednesday, 03/07/2024 | 18:31 GMT by Jared Kirui
Trending

Revolut Riding High in 2023

  • Revolut doubles its revenue in 2023, hitting $2.2 billion.
  • 45 million people use Revolut for its diverse financial services.
  • The pursuit of a UK banking license continues amidst impressive growth.
Wednesday, 03/07/2024 | 08:56 GMT by Louis Parks
Payments

10 Lessons Traditional Banks Can Learn from Revolut's Success

  • How a digital-first model sets a new standard for banks.
  • Revolut's 2023 success highlights innovation in financial services.
Tuesday, 02/07/2024 | 15:10 GMT by Pedro Ferreira
Payments

Digital Bank Revolut Reports 95% Revenue Jump, Record £344M Profit

  • The company acquired 12 million new customers, increasing its base to 38 million.
  • Fintech is also confident that it will soon obtain a banking license in the UK.
Tuesday, 02/07/2024 | 06:16 GMT by Damian Chmiel
Executives

Finom Names Ex-Revolut Executive as Sales Chief

  • Rob Allen brings extensive fintech experience and will start in July 2024.
  • He will help the digital bank to achieve the milestone of 1 million SMEs customers.
Thursday, 27/06/2024 | 09:47 GMT by Damian Chmiel
FinTech

Revolut’s $40 Billion Valuation Will Outpace Banks

  • The fintech is planning to resell $500 million of its shares at a valuation of over $40 billion.
  • The reported valuation is more than the market cap of Barclays, NatWest, and Deutsche Bank.
Monday, 24/06/2024 | 05:19 GMT by Arnab Shome
FinTech

Revolut to Discontinue “Lite” Version of Its Services

  • The fintech is offering Revolut Lite in 16 countries.
  • The trimmed-down services will be shuttered on 20 July.
Friday, 21/06/2024 | 05:21 GMT by Arnab Shome
FinTech

Revolut Taps GTN to Bring Bond Trading to EEA Customers

  • The users of the Revolut app can now directly invest in bonds.
  • The platform has set the minimum investment amount at €100.
Tuesday, 18/06/2024 | 11:00 GMT by Arnab Shome
Brokers

CMC Connect Inks Deal with Revolut to Expand Trading Capabilities

  • The collaboration will allow Revolut customers to access CMC's trading universe.
  • According to the official statement, the partnership is set to begin immediately.
Tuesday, 18/06/2024 | 08:24 GMT by Damian Chmiel
Retail FX

Revolut Moves HQ to Heart of London's Financial District amid Big Bank Departures

  • The UK fintech is set to move into a new base in the YY London building in Canary Wharf.
  • The move comes as the company expands its workforce and awaits approval for a UK banking license.
Thursday, 13/06/2024 | 07:28 GMT by Damian Chmiel
FinTech

Revolut Joins Hands with BRCC: Bridging Trade between UK and Romania

  • In 2023, the firm processed almost 74,000 transactions per hour for its Romanian retail customers.
  • Revolut Bank UAB, licensed by the European Central Bank and regulated by the Bank of Lithuania, operates in 30 EU markets.
Friday, 07/06/2024 | 14:43 GMT by Tareq Sikder
Brokers

After £3B Success in The EU, Revolut Enters Asia Savings Market with 5.21% Yield Accounts

  • Fintech has launched Flexible Accounts in Singapore, offering customers up to 5.21% APY.
  • The digital bank is partnering with Fidelity International to invest deposits into low-risk MMFs.
Wednesday, 29/05/2024 | 06:30 GMT by Damian Chmiel
FinTech

Revolut Enhances International Transfers with African Mobile Wallets

  • The international transfer feature has included 14 new payment corridors in nine African countries.
  • The feature now supports three digital wallets: Airtel Money, Orange Money, and MTN.
Tuesday, 28/05/2024 | 09:22 GMT by Tareq Sikder
CryptoCurrency

Ex-Revolut VP of Growth Launches Zeal to Simplify Crypto Spending

  • The new product combines a DeFi wallet and a crypto debit card.
  • The launch is possible thanks to a $2 million funding from Gnosis last month.
Wednesday, 22/05/2024 | 10:13 GMT by Damian Chmiel
CryptoCurrency

Revolut X: Fintech Firm Ventures into Crypto Exchange Arena

  • With 40 million users globally, the firm enabled cryptocurrency transactions via its app earlier.
  • The platform, accessible on desktops for UK customers, includes Bitcoin, Ethereum, and XRP.
Tuesday, 07/05/2024 | 12:55 GMT by Tareq Sikder
CryptoCurrency

Revolut's Former Exec Launches $6.5M Crypto Exchange

  • The new exchange prioritizes the self-custody of digital assets and on-chain settlement of transactions.
  • Some of its notable investors include the Founder of Lido, Konstantin Lomashuk.
Tuesday, 30/04/2024 | 20:38 GMT by Jared Kirui
FinTech

Revolut to Increase Global Headcount by 40% in 2024

  • The company aims to reach 11,500 staff by the end of the year.
  • It will focus on sales, customer support, and financial crime divisions.
Wednesday, 24/04/2024 | 06:50 GMT by Damian Chmiel
FinTech

Revolut Aims to Generate $370 Million by 2026 from Ads: Report

  • The company generated $1.1 billion in revenue in 2022.
  • The diversification push comes as it awaits the UK banking license.
Tuesday, 23/04/2024 | 10:13 GMT by Arnab Shome
Payments

Revolut India Expands Offerings with RBI Approval for Payment Instruments

  • The firm will broaden its services with the approval for forex cards and remittances.
  • Revolut has established itself as a bank in Latin America with a new banking license in Mexico.
Friday, 12/04/2024 | 15:23 GMT by Tareq Sikder
FinTech

Revolut Gains Banking Licence in Mexico: Eyes the Cross-Border Remittance Market

  • It is the second banking licence obtained by the fintech.
  • The number of users on the platform has crossed 40 million globally.
Wednesday, 10/04/2024 | 06:34 GMT by Arnab Shome
FinTech

Revolut Launches Point-of-Sale iPad App for Hospitality Industry

  • Data analytics streamlines operations and responds to market dynamics efficiently.
  • The firm offers transaction fees, starting at just 0.8% plus £0.02.
Tuesday, 19/03/2024 | 11:35 GMT by Tareq Sikder
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