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FinTech
Revolut India CEO Reveals Upcoming Product: Aims to Disrupt Local FX Market
2024-11-18T12:11:34.148+02:00
The British fintech received a licence from the Indian central bank last September.
It is planning to launch its services in the country next year.
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FinTech
Revolut Expands M&A Team and Rolls Out Revolut X to 30 EEA Markets
2024-11-14T13:29:44.046+02:00
The company's crypto exchange is expanding across Europe, providing access to over 200 tokens.
With a UK banking license obtained in July 2024, the company plans to issue its own stablecoin.
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CryptoCurrency
Revolut X Targets $200B European Crypto Market With Multi-Country Launch
2024-11-13T12:18:42.311+02:00
The fintech expands its standalone crypto exchange platform to 30 European markets following successful UK operations.
Recently, the company received UK banking license and announced works on its own stablecoin.
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FinTech
Revolut Clashes with Early Investors over Blocked Share Sale
2024-11-11T19:24:21.187+02:00
The conflict involves an attempt by an investor to sell Revolut shares for approximately £4.5 million through Republic.
This dispute is part of an ongoing tension between Revolut and early investors since its 2017 crowdfunding campaign.
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Payments
Revolut Pursues Banking License in Colombia Following Mexico Approval
2024-10-08T18:50:55.904+02:00
The company plans to invest about $35.6 million and hire 30–50 employees in Colombia.
The firm expects to bring its services online in Colombia within 18 months.
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Revolut Urges Meta to Compensate Fraud Victims on Its Social Media Platforms: Report
2024-10-03T19:36:06.991+02:00
The fintech giant criticized Meta's recent data-sharing partnership with UK banks as inadequate.
New UK regulations will require banks and payment providers to compensate victims of authorized push payment fraud.
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FinTech
Revolut Prepares for 2025 Mexico Launch after Obtaining Banking License
2024-09-26T17:18:23.127+02:00
According to the CEO, over 100,000 people are on the waiting list to become customers.
The company plans to offer a no-limit bank account and free international transfers at launch.
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Retail FX
Exclusive: CMC Connect Breaks Down CFDs Deal with Revolut
2024-09-24T12:41:16.714+02:00
“It's exemplary of where we are going, and we will see more deals of that particular type and style,” said CMC's Group Head of Institutional Sales.
He described the days of technology “due diligence” before sealing the deal as “a process of walking with one another, hand in hand.”
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Retail FX
Revolut Targets CFDs Traders: Launches Standalone App in 3 EU Countries
2024-09-24T08:23:03.574+02:00
The fintech first launched the Revolut Invest app in the Czech Republic, Denmark, and Greece.
Its CFD terms confirm that execution is being handled by a “third-party broker.”
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CryptoCurrency
Revolut Expands Crypto Offerings with Planned Stablecoin Launch
2024-09-18T14:46:59.208+02:00
The tech giant now joins competitors like PayPal, Ripple, and BitGo in the stablecoin market.
This initiative comes as regulatory frameworks, such as Europe's MiCA, shape the future of crypto tokens.
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Payments
Revolut Secures Prepaid Card Authorization in India, Plans 2025 App Launch
2024-09-17T13:44:59.973+02:00
The fintech firm secured RBI authorization this year for prepaid cards and wallets.
The company is increasing its global workforce by 40% to support its expansion.
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FinTech
Revolut Targets Gulf: Hiring Finance and Legal Experts for Dubai Office
2024-09-13T18:30:20.059+02:00
The company has recently expanded into the UAE and is eyeing Saudi Arabia.
The firm opened an office in the UAE in 2022 and employs 140 staff.
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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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