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 it sell roughly $500 million in employee-owned shares, the Wall Street Journal (WSJ) reported Tuesday (July 23), citing sources familiar...
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 the U.K.’s Financial Ombudsman Service (FOS), Bloomberg News reported Saturday (July 20). The report cited data from the FOS showing...
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 shares and other existing shares. Storonsky’s stake in the British FinTech company amounts to several billion dollars, and he plans...
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 changes to the rules for listing on the U.K. market. “All the moves [regulators] are making are good, they’re allowing founder-led...
December 13, 2023
Beyond the card networks, among those that may feel the squeeze should cross-border interchange fees see new caps in the United Kingdom are neobanks. As reported Wednesday (Dec. 13), the U.K.’s Payment Systems Regulator (PSR) said in its review of cross-border interchange fees on transactions between U.K. businesses and the European Economic Area (EEA) that […]
October 19, 2023
Debit interchange fees may see a revamp — a refashioning of the charges levied on merchants, the likes of which has not been seen in a decade. Next week, the...
December 02, 2022
With an increasing number of businesses going digital, virtual cards are fast becoming the preferred method of payments in various markets across the world, thanks to their ability to help...
August 18, 2022
Amid soaring inflation and rising food and fuel prices, terms like financial literacy and spend management have emerged as some of the biggest buzzwords in recent months. The concept is...
July 25, 2024
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 granted the license, with restrictions from the country’s Prudential Regulation Authority (PRA), an arm of the Bank of England that oversees the U.K.’s banking industry. From here, Revolut enters what […]
July 23, 2024
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 it sell roughly $500 million...
July 21, 2024
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 the U.K.’s Financial Ombudsman Service...
July 07, 2024
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 shares and other existing shares....
