Archives

January 29, 2019 @ 7:47 am By JD Alois  |  

Digital challenger bank Revolut has provided some additional details into their strategy for international expansion. Long forecasted, the global rollout of the bank has yet to breach the confines of Europe. To facilitate the expansion, Revolut said they are creating an “elite global licensing team”… Read More

January 21, 2019 @ 7:11 am By JD Alois  |  

Digital bank Revolut experienced an App failure yesterday that left some customers hanging, according to a thread on Twitter. The embarrassing fail comes a bit over a month after Revolut announced the company had received a long-anticipated banking license. Revolut took to Twitter to respond… Read More

January 5, 2019 @ 4:20 pm By JD Alois  |  

Lithuania wants to be the leading Fintech hub in Europe. Beginning in 2013, the small Baltic nation decided to take action and become one of the EU’s “hottest destinations for Fintech.” Mantas Katinas, MD of Invest Lithuania – the public entity leading the Fintech charge in… Read More

January 3, 2019 @ 10:09 pm By JD Alois  |  

Fintech, or financial innovation, is pervasive within the financial services industry. Innovation has always existed in this sector of business but the advent of the internet combined with the creativity of risk taking entrepreneurs has engendered an accelerated period of disruptive change in finance. Think about… Read More

December 13, 2018 @ 6:57 am By JD Alois  |  

Digital only bank Revolut has received a European banking license. The London based Fintech says it is now positioned to become “the Amazon of Banking.” Revolut applied for the banking license via the Lithuanian central bank just over a year ago in November 2017. It… Read More

November 18, 2018 @ 8:14 am By JD Alois  |  

Digital bank Revolut is revving up for a $500 million series D funding round, according to recent reports. This next capital injection follows the last round from earlier this year when Revolut raised $250 million at a valuation of $1.7 billion. The funding validated its… Read More

November 13, 2018 @ 6:35 am By Erin Hobey  |  

Revolut, fintech unicorn and successful Crowdcube alum, is taking its customer protection to the next level, intending to become a world leader. As part of the platform’s plan, a new fleet of machine learning technology has been unveiled, a fleet that has already reportedly seen… Read More

November 12, 2018 @ 4:04 pm By Cali Haan  |  

The CEO of London-based digital only banking platform Revolut has denied popular claims that Wall Street is poised to avalanche into cryptocurrency investing. Revolut CEO Nikolay Storonsky, told an audience at the Web Summit 2018 in Lisbon, last week, that, as far as he is concerned: “There is… Read More

November 1, 2018 @ 4:00 pm By JD Alois  |  

UK Unicorns Monzo, BrewDog & Revolut are Crowdcube Alumni UK’s largest investment crowdfunding platform by volume Crowdcube has now helped to raise capital for three separate unicorns aka firms that have attained a valuation of $ 1 billion or more. Crowdcube pointed to this fact… Read More

October 25, 2018 @ 12:12 pm By JD Alois  |  

Fintech unicorn Revolut is taking some heat for what appears to be a clumsy recruitment tactic that may backfire. First reported in Spanish news site ElDiario, the digital bank has apparently requested applicants for a open position to work for free and provide 200 bank… Read More

September 24, 2018 @ 7:11 am By JD Alois  |  

UK based digital challenger bank Revolut is reporting 2017 numbers and according to the Fintech revenue has increased 5X from £2.4 million to £12.8 million as monthly transaction volume jumps from $200 million to $1.5 billion. Revolut also reported a loss for the year of… Read More

August 23, 2018 @ 7:31 pm By JD Alois  |  

Marcus began its existence as a mere online lender seeking to provide consumers with affordable credit all online. But as time moves on, it is becoming more clear that Marcus is being positioned as not just providing loans but becoming the bank of the future:… Read More

August 21, 2018 @ 2:11 pm By JD Alois  |  

For the past few days, Revolut – a digital only challenger bank that has achieved unicorn status, has been teasing out a new announcement with a Twitter countdown. By tomorrow we will know more. Revolut has already revealed it is prepping the launch of a… Read More

June 22, 2018 @ 6:47 pm By JD Alois  |  

Revolut, a digital only bank that says it is signing up over 120 businesses per day, has launched a new services for their business customers – Revolut Connect. This new feature is described as an “App store” for businesses to help provide easier access to… Read More

June 7, 2018 @ 9:57 am By Erin Hobey  |  

Earlier this week Revolut announced its plans to apply for a US banking license. Today the challenger bank indicated that it will launch a global trading platform to buy and sell listed stocks commission-free through which Revolut customers will be able to invest in companies such as Apple… Read More

June 4, 2018 @ 4:20 pm By Samantha Hurst  |  

On Monday, CEO of UK Fintech startup Revolut, Nik Storonsky, announced the company is now making plans to apply for a banking license in the U.S.. Revolut has previously announced its intent to expand into the US, along with other companies globally, but this is… Read More

May 24, 2018 @ 7:22 am By Erin Hobey  |  

Earlier this week Digital challenger bank Revolut asked customers to help name its new and exclusive metal card. Now the maverick platform has moved again from metal to crypto: Revolut customers can buy, hold and sell two more cryptocurrencies instantly within the app. In December last year,… Read More

May 10, 2018 @ 5:11 am By Erin Hobey  |  

Revolut, the digital banking alternative, announced that over 150,000 customers have started saving via Vaults since its launch in April. The feature enables users to round up and save the spare change from every card purchase and has already lead to Revolut customers saving over… Read More

April 26, 2018 @ 7:45 am By JD Alois  |  

Revolut revealed its most recent funding round today as it raised $250 million at a valuation of $1.7 billion. In many ways, the success of Revolut is emblematic of the power and potential of investment crowdfunding. Until today’s Series C round, each successive funding round… Read More

April 26, 2018 @ 7:24 am By JD Alois  |  

Revolut has claimed Unicorn status. The UK based digital challenger bank has raised $250 million at a valuation of $1.7 billion making it one of the fastest UK Fintechs to top the billion dollar mark ever. Launched in 2015, Revolut will next expand in the… Read More