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Retail FX

News Nuggets | 28 June: Revolut Slashes Crypto Fees; BitPay Adds New Payment Options

  • Also, Praxis elevates CSO; MAS considers raising deposit insurance.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 28/06/2023 | 10:54 GMT by Finance Magnates Staff
FinTech

Revolut Suffers Another Valuation Hit as Molten Ventures Cuts Stake by 40%

  • Schroeder in April made a cut of 46% to its stake in the challenger bank.
  • Revolut recently reported its first full year of profit.
Thursday, 15/06/2023 | 15:26 GMT by Solomon Oladipupo
Retail FX

News Nuggets | 1 June: Revolut Hits 30M Users; Crypto Trading on TP ICAP

  • Also, CySEC's symbolic administrative fines and new Orbex account.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 01/06/2023 | 10:07 GMT by Finance Magnates Staff
FinTech

UK Tech Lobby Chief Backs Regulators against Microsoft, Revolut Spats

  • The banking application of Revolut is reportedly going to be scrapped.
  • A UK antitrust regulator blocked the merger of Microsoft and Activation Blizard.
Monday, 22/05/2023 | 04:56 GMT by Arnab Shome
FinTech

Revolut Seeks Banking License in Australia

  • The fintech firm recently launched business accounts in Australia.
  • It has around 100,000 business customers across Europe.
Thursday, 18/05/2023 | 09:11 GMT by Arnab Shome
Executive Moves

Revolut CFO Departs Citing 'Personal Reasons'

  • He has held the top finance role in Revolut for the last two years.
  • The company is in the process of announcing an interim CFO.
Friday, 12/05/2023 | 09:11 GMT by Arnab Shome
Retail FX

News Nuggets | 2 May: Revolut in Brazil; WeChat's Digital Yuan Expansion

  • Also, XS.com brings a new South African country manager; and ESMA recognizes new TC-CCPs.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 02/05/2023 | 10:52 GMT by Finance Magnates Staff
FinTech

Revolut Faces $15 Billion Valuation Cut by Key Shareholder

  • Schroders slashes Revolut valuation by 46% to $17.7 billion.
  • The revised valuation reflects the deteriorating conditions of the fintech sector.
Monday, 24/04/2023 | 11:29 GMT by Damian Chmiel
FinTech

Revolut Introduces Joint Account, Group Chat to Mobile App

  • Recently, the digital bank reported its first full-year profit.
  • Revolut also launched 'soft test' version of its crypto staking service.
Wednesday, 12/04/2023 | 20:47 GMT by Solomon Oladipupo
FinTech

Revolut Earned $71m in 2021, Marking First Annual Profit in Its History?

  • The $33 billion fintech reported revenues of £636.2 million.
  • Revolut expects 2022 revenues to rise more than 30%.
Wednesday, 01/03/2023 | 09:24 GMT by Damian Chmiel
CryptoCurrency

Revolut Offers Crypto Staking in Europe and the UK

  • The service has not yet been fully introduced and is in the testing phase.
  • According to AltFi, Revolut offers DOT, ETB, ADA and XTZ staking services.
Tuesday, 07/02/2023 | 11:06 GMT by Damian Chmiel
FinTech

Revolut Postpones Its Native Crypto Push after FTX Collapse

  • Crypto winter and market turmoil impacted the decision.
  • In the next few weeks, Revolut should present its twice-delayed financial report for 2021.
Thursday, 19/01/2023 | 12:09 GMT by Damian Chmiel
FinTech

Revolut to Release Delayed 2021 Financial Statement Next Year

  • Revolut confirmed the development to Finance Magnates.
  • The neobank recently got DASP approval from CySEC.
Wednesday, 28/12/2022 | 12:55 GMT by Solomon Oladipupo
Executives

Revolut's Vladimir Krupnov on Security Challenges, Third-Party Risk and FTX

  • Vladimir Krupnov, a Threat Intelligence Lead at Revolut talks with Finance Magnates.
  • A frank discussion on the threats and challenges in cyber security.
Monday, 12/12/2022 | 18:45 GMT by Ben Myers
Executives

Revolut Hires ArgusFX’s Christos Drakos as Executive Director for Cyprus

  • Drakos has been an Executive Director at ArgusFX and OvalX.
  • He has over 10 years of industry experience.
Monday, 05/09/2022 | 20:05 GMT by Solomon Oladipupo
FinTech

Japanese Regulator Orders Local Revolut Unit to Improve AML Measures

  • The company has 'serious problems' in several business areas.
  • It now needs to submit a business improvement plan to the regulator.
Friday, 02/09/2022 | 09:29 GMT by Arnab Shome
CryptoCurrency

Revolut Gains CySEC's Approval to Offer Cryptocurrency Services

  • The approval grants Revolut access to offering crypto services to European clients.
  • Digital assets were between 5% and 10% of Revolut's revenue.
Monday, 15/08/2022 | 14:33 GMT by Matti Williamson
Executives

Did Nikolay Storonsky Leave UK Fintech Revolut?

  • Documents show that he is no longer a person with significant control at the firm.
  • Revolut has not confirmed the news publicly as of press time.
Tuesday, 19/07/2022 | 20:41 GMT by Felipe Erazo
News

Revolut Collaborates with Stripe to Accelerate International Expansion

  • The fintech firm will use Stripe to support payments in the UK, Europe and several other global markets.
  • The companies are planning to deliver innovative payment products.
Thursday, 07/07/2022 | 05:37 GMT by Bilal Jafar
FinTech

Revolut Collaborates with Tink to Ease Money Transfer in Europe

  • Users will authorize money movement without leaving Revolut app.
  • The partnership follows Revolut's move to deepen its presence in the US.
Tuesday, 07/06/2022 | 14:51 GMT by Solomon Oladipupo
News

Cross River Collaborates with Revolut

  • The partnership will deliver more affordable access to credit.
  • Going forward, Revolut is planning to boost its presence in the US.
Saturday, 16/04/2022 | 07:21 GMT by Bilal Jafar
Executives

Charles Debonneuil Becomes New Revolut APAC General Manager

  • Debonneuil was the President of Intrepid Group prior to his new role at Revolut.
  • He will be responsible for building out local growth teams for Revolut.
Monday, 04/04/2022 | 19:44 GMT by Felipe Erazo
Executive Moves

Revolut Names Glauber Mota as Brazil CEO Ahead of Country Launch

  • He brings 16 years of financial industry experience to the new role.
  • The launch date of the platform in the country is not out yet.
Wednesday, 30/03/2022 | 07:27 GMT by Arnab Shome
Executive Moves

Revolut Hires Two Marketing Executives to Bolster US Presence

  • Yuval Rechter and Danil Ovechkin join the firm.
  • Both are well-experienced in managing the growth of consumer brands.
Friday, 25/03/2022 | 19:14 GMT by Felipe Erazo
News

Revolut Expands Services in Australia, Launches Stock Trading

  • It will offer commission-free services till the end of 2022.
  • Aussie clients can trade stocks listed on NYSE and Nasdaq.
Wednesday, 23/02/2022 | 08:00 GMT by Arnab Shome
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