Revolut

Italy probes Revolut over alleged unfair practices in investment services

Italy's competition authority (AGCM) has opened a probe into some units of British financial technology giant Revolut for alleged unfair commercial practices related to its investment and banking services, the…

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Lithuania fines Revolut 3.5 million euros for money-laundering prevention failures

Lithuania's central bank has fined Britain's most valuable start-up Revolut 3.5 million euros ($3.83 million) for failures in money-laundering prevention, the bank said. The British fintech company, which is headquartered…

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Revolut app is now available in Ukrainian language

As part of its ongoing commitment to supporting the Ukrainian community, global fintech company Revolut has announced that its app is now available in the Ukrainian language. This move comes…

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British fintech Revolut hits record revenue, profit tumbles

LONDON, Dec 22 (Reuters) - British fintech Revolut's revenue rose 45% to a record 923 million pounds ($1.1 billion) in 2022, but net profit tumbled to 6 million pounds, down…

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04

Oct

Revolut strikes share deal with SoftBank to remove barrier to UK licence – FT

3 (Reuters) - UK-based fintech company Revolut has agreed to simplify its ownership structure with investor SoftBank, removing one obstacle to win a long-delayed banking license in its home market,…

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Revolut to stop crypto services for U.S. customers

LONDON, Aug 4 (Reuters) - British fintech Revolut will stop allowing U.S. customers to access cryptocurrencies, the company said in a statement on Friday, citing the regulatory environment and crypto…

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07

Apr

Revolut audit queries, skittish regulators complicate its UK licence bid

BDO's audit opinion draws regulatory scrutiny Revolut mulls changing auditor - source Revolut says company doesn't comment on regulatory applications By Stefania Spezzati and Amy-Jo Crowley LONDON, April 6 (Reuters)…

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23

Jan

Revolut to start offering Irish customers local bank accounts

Revolut Ltd. will begin offering Irish bank account details to customers in Ireland in the next few months as the fintech continues to expand across Europe. The rollout of…

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14

Jan

Revolut close to finalising 2021 accounts as fintech seeks U.K. licence – sources

LONDON (Reuters) - Fintech firm Revolut Ltd. is close to finalising its long-overdue 2021 financial accounts, a move that could pave the way for the start-up to obtain a UK…

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Revolut boss renounces Russian citizenship

The chief executive of Revolut has renounced his Russian citizenship, as he continues his long pursuit of a UK banking licence and his father is sanctioned by Ukraine for his…

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15

Jun

Revolut launches in five more countries

LONDON, June 15 (Reuters) - Digital banking platform Revolut said it was launching a streamlined version of its app in Sri Lanka, Chile, Ecuador, Azerbaijan and Oman, allowing customers to transfer money…

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UK banking app Revolut seeks Australian licence

British-based digital banking app Revolut is seeking a banking licence in Australia and is engaged in talks with the country's regulators to be allowed to take customer deposits, country head…

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UK’s Revolut valued at $33 bln after Softbank-backed fundraising

British-based digital banking app Revolut has raised around $800 million in a new funding round led by Softbank's Vision Fund and Tiger Global Management, valuing the company at around $33…

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Fintech Revolut to hire 300 for India support hub

Revolut will hire 300 staff for its subsidiary in India and make a multi-million pound investment there as part of its global expansion, the British-based digital bank app said on…

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Revolut accused of not paying out bonuses to employees

Popular digital bank Revolut has found itself in the limelight for the wrong reasons after failing to pay bonsues to its compliance employees, sparking a row which resulted in a…

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Revolut warns about scammers posing as their phone support agents

Revolut has warned about reports that a small network of scammers is calling or sending SMS messages to customers pretending to be Revolut support agents. Revolut said it only provides…

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Revolut plans new base in Portugal, increase in headcount to strengthen customer service

Revolut plans to increase its employee headcount by almost a third in an effort to strengthen its customer service and compliance departments, hiring 400 staff at a new base in…

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Revolut launches free share trading in Europe

Digital finance business Revolut is launching a fee-free share-trading service in the UK and Europe on Thursday, seeking a slice of the brokerage-controlled market to continue the company’s rapid…

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UK police launch a fraud investigation against Revolut- FT

The Financial Times reports that the UK police launched a fraud investigation following a complaint against British digital bank Revolut over a money transfer, adding further pressure to a fintech…

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Digital bank Revolut’s money laundering lapse exposed – The Telegraph

The Telegraph reports : "One of Britain's most promising technology startups has been accused of violating basic banking rules by failing to block thousands of potentially suspicious transactions on its platform. The Telegraph…

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