PYMNTS-MonitorEdge-May-2024

Revolut

Revolut Ltd is a UK financial technology company that offers banking services including a prepaid debit card, fee free currency exchange, commission free stock trading, cryptocurrency exchange and peer-to-peer payments.

Source: revolut.com

Revolut Valued at $45 Billion in Secondary Share Sale
Revolut Valued at $45 Billion in Secondary Share Sale
August 16, 2024  |  Digital Banking

Revolut signed agreements with investors for a secondary share sale that values the company at $45 billion. The British FinTech launched the secondary share sale...

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Balderton Capital Pulls In $1.3 Billion for EU Tech Firms
Balderton Capital Pulls In $1.3 Billion for EU Tech Firms
August 12, 2024  |  Investments

Revolut investor Balderton Capital has raised $1.3 billion for European tech startups. The London-based firm announced the funding — divided between its $615 million Early Stage Fund IX and...

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Revolut Business Expands ‘Financial Super App for Businesses’ to Singapore
Revolut Business Expands ‘Financial Super App for Businesses’ to Singapore
August 06, 2024  |  B2B Payments

Revolut Business expanded the availability of its “borderless financial super app for businesses” to Singapore and is looking to add other markets. “We’re here to...

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Revolut Finally Lands British Banking License 
Revolut Finally Lands British Banking License 
July 25, 2024  |  Digital Banking

After a three-year wait, Revolut has secured a banking license in its home country. The British FinTech announced Thursday (July 25) that it had been...

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Report: Revolut Could Hit $45 Billion Valuation After Share Sale
Report: Revolut Could Hit $45 Billion Valuation After Share Sale
July 23, 2024  |  Business

Revolut is reportedly preparing a share sale that would value it at $45 billion. The British FinTech is close to a deal that would see...

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Report: Revolut Leads UK Scam Complaints Amid APP Fraud Surge
Report: Revolut Leads UK Scam Complaints Amid APP Fraud Surge
July 21, 2024  |  Security & Fraud

Revolut has reportedly denied thousands of British customers reimbursement requests after they were defrauded. This has led many of these consumers to seek help from...

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Report: Revolut CEO Nikolay Storonsky to Sell Portion of Stake
Report: Revolut CEO Nikolay Storonsky to Sell Portion of Stake
July 07, 2024  |  Connected Economy

Revolut CEO Nikolay Storonsky will reportedly sell a “small portion” of his stake in the company as part of a previously reported sale of employee...

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Revolut Chair Not Ready to Commit to Going Public in UK
Revolut Chair Not Ready to Commit to Going Public in UK
July 03, 2024  |  Digital Banking

Revolut’s chair is not ready to commit to an initial public offering (IPO) in London. Speaking to the Financial Times (FT) Tuesday (July 2), Martin Gilbert praised pending...

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Revolut Revenues Jump 95% With Addition of 12 Million Customers
Revolut Revenues Jump 95% With Addition of 12 Million Customers
July 02, 2024  |  Digital Banking

Revolut’s revenues jumped 95% last year as it continues to pursue a British banking license. The London-based FinTech released its 2023 annual report Tuesday (July...

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