Tagged: revolut

Future Fintech: The Fight for the Digital Banking Crown

As 2019 moves into its third quarter, the once burgeoning industry of digital banking is starting to make serious waves in the financial world – and investors are taking notice. Big players like Monzo, Starling, N26, Revolut, and EQIBank have recently completed massive funding rounds… Read More

Digital Bank Revolut Launches Business Expense Management Feature

Digital bank Revolut has integrated Xero, an SME accounting platform, to facilitate seamless business expense reporting. The Revolut for Business app has also been updated for team members to upload receipts and add expense information, according to a release from the company The new “Expense… Read More

Revolut Now Offers Commission Free Stock Trading on Digital Bank Platform

Digital bank Revolut is now offering commission-free stock trading service. Revolut has indicated its intent to offer a brokerage service in the past. The Fintech is now allowing Revolut Metal customers first access with access to all customers being rolled out in the coming weeks…. Read More

Revolut Updates Bank Accounts for Business

Digital bank Revolut has updated its business banking account offerings. According to Fintech, Revolut for Business has launched two business account plans with no monthly fees. The new business account plans is said to “reaffirm Revolut’s commitment to democratise access to business accounts.” Additionally, Revolut… Read More

Varo Money Inches Closer to Becoming First True Digital Only Bank in the US

Varo Money has been in operations for years now providing banking services in a digital only environment to a growing number of consumers. Like all other US-based aspiring digital banks, Varo has had to leverage regulatory arbitrage to provide its services by partnering with another… 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

Digital Bank Revolut Continues Apple Pay Roll-Out with 12 More Countries

Revolut has announced that Apple Pay is rolling out in 12 more countries: Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Lithuania, Malta, Portugal, Romania, Slovakia, and Slovenia. That makes 28 markets that Apple pay is available for Revolut customers. Revolut customers may use their iPhone, iPad,… Read More

Chatter: Digital Bank Varo Said to be Shutting Down Personal Loan Division as it Focuses on Becoming First US Fintech Bank [u]

Varo Money, one of a handful of US-based digital challenger banks seeking to receive a bank charter from the Office of Comptroller of the Currency (OCC), is shutting down its consumer lending division, according to a reliable source. Multiple employees are said to be looking… 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

Money Management App Money Dashboard Announces Integration with Revolut, Chip and Marcus by Goldman Sachs

Money Dashboard, a UK-based online personal financial management service, announced on Tuesday it has released integrations with three new account providers – Revolut, Chip, and Marcus by Goldman Sachs. According to Money Dashboard, the integrations help consumers track spending and progress towards their savings goals in real time…. Read More

Finally. Revolut Adds Apple Pay to its Digital Banking Service

Long anticipated, digital challenger bank Revolut has added ApplePay to its growing list of services. The option to add a Revolut card to ApplePay is reportedly popping up across Europe. Apparently, Apple Pay is only officially available in the UK and France but according to… Read More

Revolut Announces Launch of Group Vaults

Digital bank Revolut announced on Thursday the launch of its Group Vaults, which are described as the simple way to save for that special gift or occasion with friends and family on the Revolut platform. Revolut further explained: “Wedding gifts, holidays, a family car, or… 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 Research Says Millennials are Saving More than Ever but Still Worry About Financial Future

Contradicting an existing belief that Millennials don’t save money, digital-only bank Revolut has shared research indicating that more Millennials are saving money than ever before. Simultaneously, this generation remains deeply concerned about their financial future. Revolut says it surveyed their 18-38 year old customers in… Read More

Revolut Dinged Again in BBC Report

Revolut, one of the most promising digital challenger banks in the world, was whacked once again by a report by the BBC which largely rehashed prior claims associated with compliance and anti-money laundering control. According to the report, the BBC communicated with a former Revolut… Read More

Revolut Responds to Compliance Questions, The Telegraph Issues a Correction Regarding their Claims

Digital challenger bank Revolut has received an apology of sorts as the Telegraph has issued a correction regarding an article where the broadsheet made allegations regarding compliance challenges. Crowdfund Insider referenced the Telegraph’s report in an article here. The Telegraph’s correction stated they had “wrongly… 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

Innovate Finance Releases UK Fintech Report: Very Big Deals

According to Innovate Finance‘s new report 2018 FinTech VC Investment Landscape, investment in UK Fintech rose by 18% to $3.3 billion in 2018. Some additional highlights from the report include: Growth private equity investment rose 57% to $1.6 billion, while venture capital dipped to $1.7 billion… Read More

WeWork and Digital Bank Revolut Partner with Free Hot Desk Space

Revolut has announced an agreement with WeWork to provide Revolut for Business customers with 3 months free “hot desk space.” WeWork is one of the leading shared office space providers that has a reputation for hosting legions of early-stage companies around the world. The privately… Read More

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