There is a deep dilemma facing startup founders that I think just isn’t brought to light often enough. On one hand, almost all (and I do mean almost all) founders are reasonably ethical people. They can be over-optimistic, they can over-promise, they can be inexperienced around management, but at their core, they want to improve […]
View More How far are you willing to go for growth?Category: Revolut
Revolut CFO resigns following money laundering controversy
This hasn’t been a good week for challenger bank Revolut . The company, which offers digital banking services and is valued at $1.7 billion, confirmed today that embattled CFO Peter O’Higgins has resigned and left the business. The startup and O’Higgins have been under pressure after a Daily Telegraph report that revealed that Revolt switched […]
View More Revolut CFO resigns following money laundering controversyAfter challenger banks comes the wave of anti-fraud startups
The sheer scale of global financial crime is not to be underestimated. The UK’s National Crime Agency recently observed that it’s “in the hundreds of billions of pounds” annually, and that’s just in the UK. In the US, domestic financial crime, excluding tax evasion, generates approximately $300 billion of proceeds each year for potential laundering. […]
View More After challenger banks comes the wave of anti-fraud startupsRevolut hires Freetrade co-founder and former CTO as Head of Wealth & Trading Product
The London fintech industry is pretty close-knit, fall of strong personalities, and at times fiercely competitive. Within this context it is quite common for employees — and sometimes even founders — to swap sides. The latest such move sees André Mohamed, previously CTO and a co-founder of Freetrade, join rival Revolut as its new Head […]
View More Revolut hires Freetrade co-founder and former CTO as Head of Wealth & Trading ProductNyca Partners’ Hans Morris hunts for great fintech investments amid volatility
Hans Morris is a name to know in fintech, and as finance and tech sectors prepare for tougher time next year, he has some incisive thoughts to share about the kinds of companies that will succeed (or not) in a financial downturn. The managing partner of investment firm Nyca Partners, Morris also serves as the […]
View More Nyca Partners’ Hans Morris hunts for great fintech investments amid volatilityEarnin raises $125M to help workers track and cash out wages in real time
The fintech company has raised the funds from DST Global, Andreessen Horowitz, Spark Capital, Matrix Partners, March Capital Partners, Coatue Management and Ribbit Capital.
View More Earnin raises $125M to help workers track and cash out wages in real timeRevolut gets European banking license in Lithuania
Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has finally come out of the regulatory tunnel with a license in hand. As expected, Revolut applied for a license through the Bank of Lithuania and is leveraging […]
View More Revolut gets European banking license in LithuaniaRevolut is ready to launch in Singapore and Japan
Fintech startup Revolut has been teasing Asian market expansions for more than a year, but it sounds like it might finally happen. The company has secured licenses to operate in Singapore and Japan. It now expects to launch its service in Q1 2019. In Singapore, the company was granted a Remittance License by the Monetary […]
View More Revolut is ready to launch in Singapore and JapanHong Kong’s Neat raises $3M to offer easy banking for startups and SMEs
Neat, a Hong Kong-based startup that gives startups and SMEs access to credit cards and banking services has pulled in $3 million in fresh funding. The new round is led by China-based VC Linear Capital with participation from Hong Kong’s Sagamore investments and existing backers Dymon Asia Ventures and Portag3 Ventures . Neat previously landed a $2 million […]
View More Hong Kong’s Neat raises $3M to offer easy banking for startups and SMEsN26 is launching its bank in the UK
Nearly a year after German fintech startup N26 announced that it would launch its service in the U.K., the company is launching in the U.K. N26 is already quite popular in the Eurozone, with more than 1.5 million customers. In this new market, it will face tough competition from existing players, such as Revolut, Monzo, […]
View More N26 is launching its bank in the UKLook out US main-street banks, the Revolut is coming
Revolut, the new-generation smartphone-based bank which is blowing up Europe right now, has confirmed its intention launch in the United States and Canada later this year, taking its interesting combination of personal banking, crypto wallet and fee-free stocks trading app to main-street North America. Co-founder and CEO Nik Storonsky said the company now has a […]
View More Look out US main-street banks, the Revolut is comingRevolut introduces a metal card
Fintech startup Revolut is launching a new premium card. As the name suggests, subscribing to Revolut Metal gives you a metal card as well as additional perks compared to Revolut Premium. In addition to the new card and existing premium benefits, you can claim cash back on all spending in the currency of your choice. […]
View More Revolut introduces a metal card