Tagged: nikolay storonsky

Neobank Revolut Reports 25 Million Retail Customers, Plans Expansion into Brazil, India, New Zealand

Revolut, a UK-based neobank with global ambitions, has announced topping 25 million retail customers after reporting 20 million customers this past July. Revolut is a Fintech that offers modern digital banking services minus costly physical locations. The “financial super app” added that its expansion plans… Read More

Revolut Announces Instant Messaging Feature

Neobank Revolut has announced a new instant messaging feature for users in the UK, US and EEA. The chat feature is for account holders to communicate with other users while sending or requesting funds. According to Revolut,  the chat feature is designed to make it… Read More

Neobank Revolut Introduces Online Checkout Feature with One-Click Payment

Revolut, the global financial super app with over 20 million retail customers, has launched Revolut Pay – a new secure online checkout feature which “allows UK and EEA merchants to present ‘Revolut Pay’ as a payment method across product, cart, and checkout pages.” Revolut Pay… Read More

Fintech Revolut Tops 20M Retail Customers

Revolut, the global financial super app, has surpassed 20 million retail customers worldwide, and is now “processing over 250 million transactions a month.” Both achievements come as Revolut “celebrates its seventh anniversary.” Revolut is continuing “to expand its global workforce, topping 5,000 employees globally.” Over… Read More

Revolut Becomes UK’s Most Valuable Fintech after Securing $800M at a $33B Valuation

Prominent digital bank Revolut has finalized a massive $800 million round that now values the loss-making Fintech at $33 billion. Revolut‘s latest investment round brings on board two key investors, the SoftBank Vision Fund 2 and Tiger Global Management. The capital injection will be channeled… Read More

Digital Bank Revolut Pursues UK Banking License Anticipates Half of its Clients to Deposit Salaries and Use it As Primary Account

Prominent digital bank Revolut is expecting half of its clients to deposit their salaries and switch over to Revolut as their main bank account provider, after the Fintech challenger has acquired a banking license. Revolut issued a statement earlier today stating it has submitted its… Read More

Digital Bank Revolut Introduces Services in Japan, Claims it Signed Up 10,000 Locals, After Acquiring License in 2018

Prominent digital bank Revolut has reportedly launched services in Japan, as it continues to move forward with its ambitious global expansion plans. The Fintech Unicorn had first acquired a license to offer services in the country back in 2018. Revolut’s management confirmed that its services… Read More

UK-based Digital Bank Revolut to Lay Off 60 Workers, Due to COVID-19

UK-based digital bank Revolut, which was most recently valued at $5.5 billion, has reportedly laid off around 60 workers, as the COVID-19 outbreak appears to have negatively impacted the firm. Nikolay Storonsky, the Russian  CEO at Revolut, announced the layoffs on May 11, 2020, according to… Read More

Digital Bank Revolut Plans to Hire 3500 New Staff Members for Company’s Global Expansion

Revolut, a UK-based digital bank and Fintech unicorn, will be hiring around 3500 new staff members, as the company expands its operations into 24 new markets.  Revolut’s expansion plans involve a new global partnership with payments giant Visa Inc, the two companies revealed on September… Read More

Revolut Now Planning to Apply For U.S. Banking License

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

Revolut Update Adds Savings Vault, Users Save Spare Change Automatically, Including Cryptocurrency

Revolut’s newest feature Vaults a saving enabler that allows users to round up and save their spare change from everyday purchases. The service is available for any of Revolut’s 25 supported fiat currencies as well as the popular digital currencies Bitcoin, Ether and Litecoin. Revolut say… Read More

Name that Feature! Revolut Reaches Out to Crowd to Name New Product

UK Fintech Week 2018 is going strong (follow twitter at #IFGS20); one expects exciting developments and updates. Last week digital challenger bank Revolut announced that it was facilitating easy monthly payments such as phone bills, utilities and other regular services. This morning Revolut launched a new,… Read More

Digital Bank Revolut Introduces Automatic Payments Across Europe

Digital challenger bank Revolut has announced EUR Direct Debits or European customers thus facilitating direct debits for automated payments. The traditional bank alternative now facilitates easy monthly payments such as  phone bills, utilities and other regular services. Revolut points out they already allow European customers… Read More

Revolut Launches In-App Feature: Buy, Hold & Exchange Cryptocurrencies

Revolut officially launched its cryptocurrency feature, allowing all Revolut customers to buy, hold and exchange cryptocurrencies in-app in seconds, as the innovative fintech platform sticks to its mission and continues to disrupt traditional banking by mainstreaming cryptocurrencies. “We have been amazed by the incredible demand… Read More

Challenger Bank Revolut Adds £1/Day Travel Insurance to Growing Portfolio of Services

Digital only challenger bank Revolut has released a new featured today – one that is designed to be simple to use and cost effective. Revolut has announced that users may now activate travel insurance for just £1 per day. The insurance is available at the… Read More

Cryptocurrency Transactions Arrive for Revolut Customers: Bitcoin, Litecoin & Ether May Be Bought & Exchanged within Digital Banking App

Revolut knows the future of banking is a digital only world with a feature rich mobile ecosystem. Give people what they need and want in online bank and they will keep coming back in droves. Today, as we alluded to last week, Revolut is officially… Read More

Revolut’s Big News: 1M Customers & £120m+ in Foreign Exchange Fee Savings

Revolut, the digital banking challenger, has signed up 1 million customers across Europe and reportedly saved consumers over £120m in hidden fees as the innovative fintech continues to disrupt traditional banking. London-based Revolut is now signing up between 3,000 and 3,500 new users every day, an… Read More

Revolut Pursues Mission to Become First Global Banking App, Files for European Banking License

Digital only challenger bank Revolut is rattling the cage of old finance once again by filing for a European Banking License. The Fintech firm has shared that their application is expected to be approved by the first half of 2018 as it pursues its mission… Read More

16,000 Businesses Sign up For Digital Bank Revolut in Just 4 Months

Digital only challenger bank Revolut is reporting solid interest in its online banking business. According to the company, 16,0000 business customers have signed up for its service in just 4 months. Revolut estimates this has saved these business over £1 million in fees in aggregate…. Read More

Digital Bank Revolut Pushes Into Insurtech with Mobile Device Coverage

Digital only challenger bank Revolut will now enable users to insure their mobile phone for as little as £1.00 per week as the Fintech firm launches the first phase of its insurance offering. The key term here is first phase, of course, as Revolut’s push… Read More

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