This rating puts Revolut in first place among Europe’s leading private technology firms. It also means it has overtaken the biggest banks in the UK, including NatWest (NWG) and Barclays (BARC) in terms of overall valuation. The global bank is based in London and was launched by Storonsky in 2014; starting life as a pre-paid…
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As part of the annual report, Chief Financial Officer Victor Stinga said that the solid foundations that have been built will: Bring our financial processes in line with the standards expected from publicly listed companies. This was Revolut´s first annual report since 2020 in which it didn’t need to ask for an extension past the…
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Despite a challenging year for fintech companies, Revolut has experienced substantial growth, driven by an influx of new customers. The startup attracts nearly 300,000 users weekly, expanding its global customer base to nearly 40 million. This impressive growth comes amidst stiff competition from traditional banks and other fintech startups. The latest financial developments offer reassurance…
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BDO said that $477m of its top line was at risk of being “materially misstated”; an evaluation that Revolut was unhappy with. Execs were also dismayed at the reaction to these remarks in the media. The Standard claims Revolut even instructed independent lawyers to try and change the media narrative. It appears that the debit…
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Carlesi brings 15 years of experience to the table, having previously held senior positions at Deutsche Bank, Barclays, McKinsey & Co., and Bridgepoint Capital. Revolut indicated to CBNC Tech that the appointment has nothing to do with its application for a UK banking licence. This licence will enable Revolut to offer lending products, such as…
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Rolandas Juteika, Head of Wealth and Trading (EEA), noted that the FinTech company works continuously to make investing and trading accessible to all members of society. Juteika stated: We want to bring our customers easy access to companies that are closer to them. From Adidas to Zalando, our customers can now invest in well-known European…
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Reuters quoted a spokesperson for Revolut, who commented as follows: We have received an extension for the filing of our 2022 accounts. We look forward to announcing our 2022 audit and annual report in due course. This comes after Revolut’s 2021 financial results were only published in March 2023, and the company’s auditor, BDO LLP,…
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The digital bank now offers nearly 100 different cryptocurrencies. However, staking will be initially limited to the Polkadot (DOT), Ethereum (ETH), Tezos (XTZ), and Cardano (ADA). Yields are said to range from 11.65% to 2.99% but not guaranteed. Crypto staking Crypto staking is when the holder of a cryptocurrency, who keeps it in a wallet,…
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Revolut applied for authorisation in Cyprus to ensure it is under European regulations before the enforcement of EU's Markets in Crypto-Assets regulation (MiCA). MiCA aims to provide customer protection and fight scams, money laundering and other financial crime in the crypto world. The digital bank has also applied for registration in the UK with the…
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David Tirado, vice president of business development at Revolut, said: Revolut builds seamless solutions for its customers. That means access to quick and easy payments and our collaboration with Stripe facilitates that. We share a common vision and are excited to collaborate across multiple areas, from leveraging Stripe’s infrastructure to accelerate our global expansion, to…
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