Tagged: nik storonsky

Revolut Appoints New Chairman of the Board: Martin Gilbert former Co-CEO of Standard Life Aberdeen to Aid International Expansion of Digital Bank

Digital bank Revolut has selected a new Chairman of the Board. Martin Gilbert, an individual who has been advising Revolut co-founder and CEO Nik Storonsky, will join the bank on January 1st as non-Executive Chair. Gilbert is the former co-Chief Executive of Standard Life Aberdeen,… Read More

Revolut to Soon Offer Mastercard Credit Cards to US Customers

Revolut has partnered with Mastercard to issue credit cards using the global network. According to a release from Revolut, the new deal will reach 210 countries and territories with he first cards hitting the US by the end of the year. Revolut is a UK… Read More

Revolut Expands into Portugal with New Customer Operations Center in Porto

Digital bank Revolut is expanding into Portugal with a new customer operations center in Porto. The company reports that it will hire up to 400 new employees at the new location. Ricardo Macieira, an ex-Airbnb executive, and Rebeca Venancio, formerly at Microsoft, have been appointed… Read More

Digital Bank Revolut Adds Charity Feature that Enables Seamless Donations

Digital bank Revolut has announced a new feature that facilitates donations to charitable causes. Launched today, Revolut’s new in-app feature labeled “Donations”, allows customers to round up payments and donate the money to three international charities. Another option of the feature is to allow customers… Read More

Down Under: Digital Bank Revolut Launches in Australia as Expansion Outside of Europe Starts

Digital bank Revolut has traveled half-way around the world to set up operations in Australia with an office in Melbourne. This is the first step by Revolut to provide banking services beyond European borders. According to a release from Revolut, the digital bank is operating… Read More

Report: Revolut Plans Banking License in Russia, Meanwhile Launch in Lithuania is Delayed

Digital bank Revolut has grand plans to expand its services around the world. Based in the UK, the Fintech now serves over 4 million customers in the European Economic Area (EEA), Switzerland, and Australia. A Fintech Unicorn, Revolut has not been shy about its intent… Read More

Revolut Hits Rough Patch as CFO Resigns, Questions Arise Regarding Compliance [u]

Digital challenger bank Revolut has had a rough week. An article in the Telegraph on Friday questioned the bank’s process for monitoring transactions processed by the bank stating a system to prevent sanctions screening and other illicit activity was “switched off.”  The Fintech had apparently… Read More

Concerned About the UK’s Fintech Prominence, Revolut CEO Calls for a Tech Visa to Help with Brexit Fallout

Nik Storonsky, the CEO and co-founder of digital bank Revolut, has told the UK Government to create specialised tech visas for professionals to ameliorate growing concerns of Brexit fallout. Revolut said it plans on doubling its workforce in the coming months as it expands services and… Read More

Revolut Signs Agreement with Regtech ClauseMatch

Digital bank Revolut has announced a new agreement with London-based Regtech ClauseMatch. According to a release from ClauseMatch, following a successful trial period the bank is adopting the regulatory technology to streamline management of internal policies, controls, and regulatory compliance. The trial period only took… Read More

Digital Bank Revolut Provides Details on International Expansion, Launches Global Licensing Team

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

Revolut Unveils New Tech to Reduce Fraud for its 3M+ Customers

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

Revolut CEO Says Wall Street Has No Interest in Crypto

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

Digital Bank Revolut Reports 5X Jump in Top Line Revenue, Users Now Over 1.3 Million

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

Digital Bank Revolut Launches “Metal Card” – Offers Cashback in Crypto

Revolut has announced the official launch of a new product. Revolut “Metal card” enables users to receive cash back in either cryptocurrency or fiat at a 1% rate outside Europe and 0.1% on transactions made in Europe. Revolut previously incorporated cryptocurrency options on their banking… Read More

Crowdcube Touts 19X Returns Generated by Early Investors in Revolut

Revolut is a Fintech unicorn and a prominent digital only challenger bank with global aspirations. In July, Revolut announced it had signed up 1 million UK customers and were adding new business accounts at a pace of around 120 a day. Revolut founder and CEO… Read More

Revolut Celebrates 2 Million Customers & Shares New Details About Commission Free Global Trading Platform

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

UK Digital Banker Revolut Finds Savings in the Vaults

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

Revolut is a Crowdfunded Unicorn. Digital Bank Raises $250 Million at $1.7 Billion Valuation

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

Digital Only Bank Revolut Launches Business Banking in UK & Across Europe

Challenger bank Revolut is launching a business banking vertical and is accepting pre-registrations now. Revolut for business will allow businesses to hold, exchange and transfer funds in 25 different currencies across the UK and all of Europe at the interbank exchange rate. The digital only… Read More

Digital Challenger Bank Revolut Partners with PensionBee

Revolut, the app-based digital only bank, has announced an “industry first” partnership with pension manager PensionBee. Revolut explains that the move allows their users to easily manage their pension plans by finding and combining into a single online plan. Of course this is all accessible… Read More

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