Revolut applies for UK banking licence to boost primary account numbers
Fintech unicorn seeks to transition to full bank in the UK.
Revolut
Revolut hot on Starling’s heels, breaks even in November
“We’re doing much better compared to pre-Covid times,” says CEO.
Revolut launches acquiring service for merchant customers
Revolut undercuts Stripe by 0.1%.
Ex-Revolut execs form start-up investment firm Expansion Capital
Of its 15 investments, three were founded by Revolut alumni.
Why do some fintech start-ups experience high exec churn rates?
“Many founders enter the mindset that an hour lost is an hour gained by the competition”.
Revolut’s four-year-long partnerships head Rishi Stocker departs
Stocker spearheaded Revolut’s Japan launch.
Ireland’s An Post launches new app to take on Revolut
By 2025, An Post wants to hit one million customers.
Revolut faces lawsuit in Romania over blocked account
Revolut faces 3,911 complaints so far this year, as compared to its 2,487 for the whole of 2019.
FinovateFall 2020: Customer trust will test the new digital normal
Panel wonders if consumers will stick with digital solutions post-pandemic.
Revolut customers got paid late last week after technical glitch
Several users said they couldn’t get through to an agent.
Revolut’s losses treble to £104.7m after year of rapid growth
Revolut’s revenue was up to £162.7 million in 2019.
Revolut loses banking veteran CEO after one year to upstart Allica Bank
Davies says his departure is on good terms.
Why UK challenger banks haven’t taken on the insurance market
“The insurance community is not necessarily responsive to change,” says insurtech CEO.
Revolut’s vice president of growth set to leave
Soon to be former VP joined the start-up a year ago.
Revolut accused of coercing 50 workers to quit their jobs
Lawyers have said that the firm’s actions can be read as unlawful.
Revolut Business integrates with Clear Books for UK users
Clear Book’s bank feeds will refresh four times daily.
Revolut announces redundancy of 60 employees due to coronavirus
“We have made every effort to protect every job,” says fintech.
Revolut seeks acquisitions with struggling travel firms
“A lot of travel aggregators are in trouble at the moment,” says CEO.
Revolut launches deposit-insured bank in Lithuania
Revolut says it also plans to roll out consumer lending services to the region.
Revolut seeks help applying for UK banking licence & loses four more execs
Revolut’s goals remain the same, despite coronavirus.
Revolut loses two more financial execs a month after losing CFO
Both leave the bank after 12-month tenures.
Revolut lets staff swap pay for shares in the challenger bank
Revolut’s co-founders Storonsky and Yatsenko are forgoing their salaries for a year.
2020 Review: Top 10 funding rounds this quarter
A look back at some of the biggest investments this past quarter.
Revolut loses its head of wealth and trading, a former Freetrade co-founder
André Mohamed leaves after 18 months at the challenger bank.
Revolut heads stateside with US launch
The London-based unicorn expands to North America.
UK challengers Revolut and Monzo combat claims they are going bust
Revolut dubs the claims “fake news”, and Monzo says it is “here to stay”.
Revolut launches accounts for under-18s in the UK
Only the children of Premium and Metal account holders will have access.
Revolut loses CFO after just six months, brings in interim CFO from SLA
David MacLean joined Revolut from Metro Bank last July.
Revolut launches gold trading for Premium and Metal users
The neobank will apply a 0.25% markup, with no other fees.
Revolut seeking UK banking licence before year end
The neobank currently only has one banking licence in Lithuania.
Revolut bags $500m from TCV to drive daily account usage
The challenger wants to “accelerate daily usage of accounts”.
Monzo set to hire another 500 and reintroduce paid accounts
CEO Bloomfield says it is also looking into lending more as a revenue driver.
Revolut launches open banking for all UK retail and business customers
Its new offering has been built in partnership with TrueLayer.
The rise of investment apps
There’s an appetite to save and invest despite low interest rates across Europe, Australia and the US.
Revolut valued at $5bn by investors ahead of new fundraising
The valuation is nearly three times its last estimated valuation of $1.7 billion.
Tokyo: fintechs welcome!
Japan is keen to turn Tokyo into the number one financial hub in Asia.
Revolut appoints new group chief risk officer Pierre Decote
Ex-Goldman Sachs, HSBC and Barclays execs have also been hired.
Why has Lithuania become a key destination for licensing in Europe?
As part of its newly devised strategy, Lithuania put several tools in place.
Revolut appoints new chairman
Martin Gilbert will begin his role as of 1 January 2020.
Revolut CISO leaves after two months on the job
Dinis Cruz has left the challenger bank by mutual consent.
