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FinTech
Visa and Revolut Announce Global Partnership to Enhance Business Payments
2024-08-27T18:04:02.750+02:00
The service reportedly enables businesses to transfer funds to over 78 countries and supports more than 50 currencies.
The agreement is based on previous initiatives, such as Visa Direct-powered peer-to-peer payments and virtual cards for the B2B travel sector.
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FinTech
Revolut Expands Merchant Payment Solutions with BigCommerce Integration
2024-08-23T21:37:32.757+02:00
This integration promises high payment success rates, low transaction fees, and next-day settlements.
It allows over 45 million Revolut users to make payments directly from their Revolut balance.
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FinTech
Bank of Israel Integrates Revolut into Payment System with New Identification Code
2024-08-20T19:42:11.470+02:00
The double-digit code allows the fintech giant to allocate user payment account numbers.
This approval is reportedly part of Israel's integration of global fintech companies into the local payment system.
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CryptoCurrency
Revolut Partners with Ledger to Facilitate Crypto Purchases
2024-08-14T17:42:01.750+02:00
The new service allows users to buy cryptocurrencies directly within the Ledger Live app.
The integrated solution reportedly supports direct conversions from fiat currency to cryptocurrencies without multiple verifications.
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Payments
Revolut Expands B2B Services to Singapore, Offering Global Payment Solutions
2024-08-06T06:32:54.160+02:00
The firm introduces four business plans in Singapore with free trials.
The B2B platform provides multi-currency accounts, debit cards, and access to over 150 currencies.
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FinTech
Revolut Becomes a UK Bank, but What Does a 'Mobilisation' Stage Mean?
2024-07-25T11:53:54.050+02:00
Revolut has up to 12 months to exit the ‘mobilisation’ stage.
The fintech will continue to offer services as a payment institution while it is in the ‘mobilisation’ stage.
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FinTech
Breaking: Revolut Receives The UK Banking License after 3 Years of Efforts
2024-07-25T09:10:12.788+02:00
The fintech giant has secured a PRA's authorization, allowing it to expand services in its largest market.
It is also reportedly nearing a deal that could value it at $45 billion.
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FinTech
$40B Valuation Lures Revolut CEO to Sell Up to "Hundreds of Millions of Dollars" in Stake
2024-07-08T07:21:07.456+02:00
The British fintech is seeking a valuation of $40 billion for the upcoming secondary sale.
It closed the year 2023 with a pre-tax profit of £438 million.
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Executives
Capital.com Hires Revolut's Tarek Mahassen as Head of Risk in MENA
2024-07-03T20:31:49.960+02:00
Most recently, Mahassen was the Group Senior Operational Risk Manager at Revolut.
He also served as the Business Risk Manager at the fintech giant.
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Trending
Revolut Riding High in 2023
2024-07-03T10:56:39.870+02:00
Revolut doubles its revenue in 2023, hitting $2.2 billion.
45 million people use Revolut for its diverse financial services.
The pursuit of a UK banking license continues amidst impressive growth.
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Payments
10 Lessons Traditional Banks Can Learn from Revolut's Success
2024-07-02T17:10:26.954+02:00
How a digital-first model sets a new standard for banks.
Revolut's 2023 success highlights innovation in financial services.
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Payments
Digital Bank Revolut Reports 95% Revenue Jump, Record £344M Profit
2024-07-02T08:16:59.656+02:00
The company acquired 12 million new customers, increasing its base to 38 million.
Fintech is also confident that it will soon obtain a banking license in the UK.
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Executives
Finom Names Ex-Revolut Executive as Sales Chief
2024-06-27T11:47:52.162+02:00
Rob Allen brings extensive fintech experience and will start in July 2024.
He will help the digital bank to achieve the milestone of 1 million SMEs customers.
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FinTech
Revolut’s $40 Billion Valuation Will Outpace Banks
2024-06-24T07:19:39.713+02:00
The fintech is planning to resell $500 million of its shares at a valuation of over $40 billion.
The reported valuation is more than the market cap of Barclays, NatWest, and Deutsche Bank.
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FinTech
Revolut to Discontinue “Lite” Version of Its Services
2024-06-21T07:21:35.090+02:00
The fintech is offering Revolut Lite in 16 countries.
The trimmed-down services will be shuttered on 20 July.
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FinTech
Revolut Taps GTN to Bring Bond Trading to EEA Customers
2024-06-18T13:00:00.000+02:00
The users of the Revolut app can now directly invest in bonds.
The platform has set the minimum investment amount at €100.
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Brokers
CMC Connect Inks Deal with Revolut to Expand Trading Capabilities
2024-06-18T10:24:09.399+02:00
The collaboration will allow Revolut customers to access CMC's trading universe.
According to the official statement, the partnership is set to begin immediately.
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Retail FX
Revolut Moves HQ to Heart of London's Financial District amid Big Bank Departures
2024-06-13T09:28:34.727+02:00
The UK fintech is set to move into a new base in the YY London building in Canary Wharf.
The move comes as the company expands its workforce and awaits approval for a UK banking license.
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FinTech
Revolut Joins Hands with BRCC: Bridging Trade between UK and Romania
2024-06-07T16:43:39.611+02:00
In 2023, the firm processed almost 74,000 transactions per hour for its Romanian retail customers.
Revolut Bank UAB, licensed by the European Central Bank and regulated by the Bank of Lithuania, operates in 30 EU markets.
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Brokers
After £3B Success in The EU, Revolut Enters Asia Savings Market with 5.21% Yield Accounts
2024-05-29T08:30:39.514+02:00
Fintech has launched Flexible Accounts in Singapore, offering customers up to 5.21% APY.
The digital bank is partnering with Fidelity International to invest deposits into low-risk MMFs.
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FinTech
Revolut Enhances International Transfers with African Mobile Wallets
2024-05-28T11:22:32.349+02:00
The international transfer feature has included 14 new payment corridors in nine African countries.
The feature now supports three digital wallets: Airtel Money, Orange Money, and MTN.
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CryptoCurrency
Ex-Revolut VP of Growth Launches Zeal to Simplify Crypto Spending
2024-05-22T12:13:01.212+02:00
The new product combines a DeFi wallet and a crypto debit card.
The launch is possible thanks to a $2 million funding from Gnosis last month.
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CryptoCurrency
Revolut X: Fintech Firm Ventures into Crypto Exchange Arena
2024-05-07T14:55:25.451+02:00
With 40 million users globally, the firm enabled cryptocurrency transactions via its app earlier.
The platform, accessible on desktops for UK customers, includes Bitcoin, Ethereum, and XRP.
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CryptoCurrency
Revolut's Former Exec Launches $6.5M Crypto Exchange
2024-04-30T22:38:01.939+02:00
The new exchange prioritizes the self-custody of digital assets and on-chain settlement of transactions.
Some of its notable investors include the Founder of Lido, Konstantin Lomashuk.
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FinTech
Revolut to Increase Global Headcount by 40% in 2024
2024-04-24T08:50:34.887+02:00
The company aims to reach 11,500 staff by the end of the year.
It will focus on sales, customer support, and financial crime divisions.
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