Tag Archives: revolut

The United Kingdom (including London) fintech ecosystem has reached a new record of $4.9 billion in investment. And as a result, it has managed to secure its position for another year as the number one destination for European fintech investment. Only the United States has a better record, according to the recent report from City AM, London.Exclusive data from Innovate Finance has revealed that the UK recorded a 38% increase in venture capital and private equity investment into its fintech...

Recently, the UK fintech startup Currencycloud ran a series E funding round. Among the participants were Sapphire Ventures, Notion Capital, Anthemis, Accomplice, and Google’s venture wing GV. All of them supported Currencycloud earlier. Besides, the startup boasted it had attracted new investors. Visa, World Bank arm International Finance Corporation, BNP Paribas, Siam Commercial Bank and former Softbank spinoff SBI Group joined the round and invested as much as $80 million.The round has...

Traditional payment companies seem to be taking vastly different approaches to cryptocurrencies. Earlier this year, it seemed like PayPal was about to blaze a trail in the space by working with Facebook on Libra, although it later pulled out. Elsewhere, more forward-thinking firms like Revolut and Skrill have embraced crypto, while Monzo has issued a firm “no,” and Stripe has backed away.So, what exactly is going on in this tumultuous relationship between payment firms and cryptocurrencies,...

Nowadays we hear a lot about startups trying to capitalize on the fintech opportunity. One did such a thing now in Mexico by closing on a new sum of funding. What began as a $7.4 million Series A last January now has now grown to $26.4 million in a recent extension of Mexican challenger bank Albo.Led by the U.S.-based Valar Ventures this event can be marked as one of the largest early rounds for a Mexican startup. It seems Albo got its investment from Paypal co-founder Peter Thiel, in the...

Banking app Revolut has introduced a new feature that will allow many users to use the app just like any other bank account. The introduction of the direct debit feature for the UK pound has enabled users to be able to pay for goods and services with direct debit as it is becoming the norm for many businesses at the moment. Already Euro direct debit services were started last year. Many businesses prefer direct debits as card transaction fees and chargebacks are usually more problems than...

Fintech startup Ualá which is a finance app that helps people with all things financial has just finished its Series C funding to the tune of $150 million. This round was led by Tencent and Softbank’s Innovation Fund which has as its specific aim the Mercursour region. The app functions very much like Monzo, Nubank and Revolut but this time the focus of this app is on the Argentine market without the trappings and requirements of financial institutions and regulations. With its CEO Pierpaolo...

Revolut, the Britain-based digital banking and investing app is currently in discussion with global investors to push its expansion plans. As per the Reuters report, Revolut is planning to raise nearly $500 million as the company plans to expand its operations to Japan and the United States.On Tuesday, November 12, during an interview with Reuters, Revolut CEO and co-founder Nikolay Storonsky said:“We want to raise at least $500 million in direct equity and potentially, maybe at a later...

Spanish bank Banco Santander SA on Monday announced it is acquiring a major stake in the British payments platform Ebury. The price of this acquisition is, according to the announcement, £350 million ($453 million).Proud to announce that @bancosantander has bought a majority stake in Ebury! ? https://t.co/3F8Zisjz1u pic.twitter.com/15GC4O05A8— Ebury (@EburyUK) November 4, 2019Santander is buying 50.1 percent of Ebury’s stake, which makes it a stakeholder having a controlling vote.  This...

Transferwise wächst, gedeiht und expandiert seit satten acht Jahren und seit drei, werden auch die Gewinne in Schwarz geschrieben. Dabei folgt das FinTech einem einfachen Konzept: Es transferiert Geld über Grenzen hinweg kostengünstig, unkompliziert und schnell. Sechs Millionen Kunden konnte Transferwise bereits überzeugen, doch auch immer mehr Banken springen mit auf den Siegeszug. Transferwise setzt auf Banken als Geschäftspartner Weil Transferwise so schnell wächst, braucht...

Revolut, the popular fintech startup and challenger bank based in London, has announced that it will be officially expanding its services to Singapore, allowing citizens to enjoy numerous options already being used by the company’s customers in Europe. This news follows a long period of beta testing in Singapore where Revolut already has about 30,000 customers.Now, all residents in Singapore can easily open an account online and take advantage of Revolut’s travel debit card which now supports...