Tagged: revolut

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

New Milestone: Revolut Business Celebrates 500,000 Customers By Refreshing Platform Look & Introducing New Features

Digital bank Revolut announced on Thursday it has reached a new milestone by signing up a total of 500,000 business customers. The company noted that the milestone demo states considerable growth of its Revolut Business since it made its debut in July 2017. Along with… Read More

Revolut Adds Bitcoin Cash & Litecoin Offerings in the U.S.

Digital bank Revolut announced on Wednesday it has added Bitcoin Cash and Litecoin offerings in the U.S. According to Revolut, U.S. customers may now buy, hold, and sell Bitcoin Cash and Litecoin through its platform. You asked for it, so we delivered. We’ve added #BitcoinCash… Read More

Digital Bank Revolut Experiences Technical Issues, Customers Complain about Not Getting Salaries Deposited on Time

Customers of UK-based Fintech Unicorn Revolut have reportedly experienced delays when trying to get their salaries which were supposed to be paid this past Friday (August 28, 2020). Users had been complaining about having been left in the dark as they might not have received… Read More

Revolut Adds New Group Bills Feature to Banking App

Digital bank Revolut has launched a new feature called “Group Bills” described as a way to track, split and settle up expenses in a centralised place.  Group Bills seeks to make group expenses easier to manage. Rather than splitting one bill at a time, Group… Read More

At least 67 Fintech Unicorns Operating Globally, with North America Leading the Way, and Asian, European Markets Growing Fast

There are now at least 67 FIntech unicorns, globally, that are valued at a combined $244.6 billion, according to a recently published infographic by CBInsights which shows that North America, particularly the US, is home to some of the world’s largest Fintechs. Fintech unicorns are… Read More

Revolut’s Revenue Nearly Tripled in 2019 to £162.7 Million, While Loss Jumped to £107.4 Million

Revolut, a leading UK based digital bank, filed its annual report yesterday indicating that for the fiscal year 2019 revenue jumped alongside a growing annual loss. According to the Fintech, in 2019, revenue nearly tripled to £162.7 million vs. £58.2 million in 2018. The operating… Read More

Digital Bank Revolut Is Leading the “Re-bundling” Race Among European Financial Technology Firms, Industry Professional Explains

Fintech advisor Efi Pylarinou claims that digital bank Revolut is leading the “re-bundling” race among Europe based financial technology service providers. Pylarinou notes: “As technology [continues to] commoditize products and services at an ever increasing rate, re-bundling catch up is the name of the game… Read More

Revolut Partners with TrueLayer to Offer Open Banking Features in Italy

Revolut has partnered with TrueLayer, a financial service API provider, to incorporate open banking features in Italy. According to a release issued by the digital bank, Revolut customers in Italy will now be able to connect their Intesa Sanpaolo, UniCredit, UBI Banca, Banco BPM, Poste… Read More

Revolut Now Offers Price Comparison Service Powered by Decision Tech

Digital bank Revolut has announced a new price comparison feature for its users. Working with Decision Tech, Revolut has launched “Essentials”  to enable users to more easily switch and save on various services such as gas, electricity, and broadband. The Essentials feature is available now… Read More

Fintech Funding in the UK Declines During H1 2020, but Challengers Revolut, Starling Bank, Checkout.com, Onfido Close Mega $100 Million+ Rounds

Investment in the United Kingdom’s Fintech industry reportedly slowed down by over a third during H1 2020, as many investors appear to be holding on to cash due to the economic uncertainty created by COVID-19. Despite the slowdown, investment levels still managed to gain 22%… Read More

Revolut Raises $80 Million More

Digital bank Revolut has raised $80 million in additional capital. The new funding is said to be an extension of a $500 million round, at a $5.5 billion valuation, revealed last February – just in the nick of time as COVID set in causing many… Read More

Revolut U.S. Launches: U.S. Customers Are Now Able to Buy, Hold, & Exchange Bitcoin/Ethereum

Digital bank Revolut announced on Wednesday that Revolut U.S. has officially made its debut. According to Revolut, U.S. customers are now able to buy, hold, and exchange Bitcoin as well as Ethereum. Users may also automatically round-up their spare change from their Revolut card into… Read More

Paxos Launches Crypto Brokerage, Revolut is First US Customer

Paxos Trust Company, the first regulated Trust company for digital assets in the US, is introducing Paxos Crypto Brokerage – a service that integrates digital asset trading and sending within its portfolio of services. Paxos reports that it is the largest issuer of regulated stablecoins… Read More

Revolut’s Standard, Premium & Metal Customers Now Has Access to Silver Through Mobile App

  Digital bank Revolut announced earlier this week its standard, Premium and Metal customers may now have access Silver through the Revolut app. According to Revolut, Silver and Gold are now available through the Revolut app in the Commodities tab in the Wealth section of… Read More

Regtech ClauseMatch Plans US Expansion, Signs Up 2 North American Clients

Regtech ClauseMatch is crossing the Atlantic and setting up operations in the US, according to a note from the company. ClauseMatch is a compliance platform that seeks to streamline legal, finance, operations, and risk departments. ClauseMatch reports that it has opened a new office in… Read More

UK FCA Halts Wirecard’s Regulated Activities, Fintechs Scramble to Adapt, German MPs Call for an Inquiry into Wirecard’s Collapse

  On June 26, the UK Financial Conduct Authority (FCA) imposed several “requirements” on Wirecard‘s (WDI:DE) activities in the UK. The move was in response to Wirecard’s missing €1.9 billion in funds along with allegations of fraud and other nefarious activities. After an audit uncovered… Read More

Revolut Announces Addition of American Express to Open Banking Feature

Digital bank Revolut announced on Thursday the addition of American Express (AMEX) to its Open Banking feature. According to Revolut, the feature allows the bank’s retail customers in the UK to connect their American Express and other banks accounts to Revolut, making it possible to… Read More

Revolut Launches Open Banking Services to More Than One Million Irish Retail & Business Customers

  Digital bank Revolut announced on Wednesday the launch of Open Banking for its more than one million retail and business customers in Ireland. According to Revolut, the new Open Banking feature allows retail customers in Ireland to connect their AIB, Permanent TSB, Ulster Bank,… Read More

Revolut Unveils New Version of Financial “Super” App

Digital bank Revolut announced on Wednesday the launch of its new financial app version. According to Revolut, the new version is the latest step in the fintech’s journey to becoming a financial super app. Revolut further explained that the app’s redesign has focused on creating… Read More

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