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The Latest Breaking News from Revolut

City grandee behind £1.1bn TalkTalk takeover joins board of fintech Total Processing

Martin Gilbert co-founded Aberdeen Standard Investments and is also the chairman of Revolut

Birmingham Post

Revolut bank’s valuation stretches credulity despite $15bn slump

It is hard to see how hopes of future growth justify the challenger bank being worth $18bn – not least as it made only £26m in 2021

The Guardian - UK

Revolut’s place as UK’s top fintech firm at risk after Schroders writedown

Asset manager suggests its stake could be worth less only 18 months after investing almost £10m

The Guardian - UK

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London seeks to keep Europe fintech crown despite Brexit

London (AFP) - From digital bank Revolut to money-transfer group Wise and payments company Checkout, London is Europe's fintech champion and intends on keeping its crown despite Brexit fallout and declining investments.

AFP

Irish Revolut customers urged to update detail after major change to accounts

In line with this change, anyone who is using Revolut for direct debits or other automatic payments from their account is being urged to update the Iban details

Irish Mirror

Revolut users can win €2,500 with new car insurance promotion

The lucky winner will be announced after a draw and receive the money directly into their account

Dublin Live

Revolut to offer car insurance to Irish customers 30% cheaper than leading competitors

The online banking app is taking a leap into car insurance

Irish Mirror

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Top money-saving tips and tricks parents are passing on to their children

From saving “little and often”, cutting down on car use, and learning to cook at home Mums are trying to teach their kids a host of money-saving tips from an early age

The Independent UK

Four in five mums passing on money-saving tips to kids - like making use of discounts

Almost all mums feel it is their responsibility to guide their little ones on how best to save money - such as saving 'little and often'

Daily Mirror

‘We can’t make payroll’: scores of London tech firms in cash crisis amid Silicon Valley Bank collapse

The UK startup ecosystem is under immense strain today after the collapse of Silicon Valley Bank has prevented scores of startups from accessing the cash to pay staff.

Evening Standard

Tech firms pour cash into Revolut and Wise amid Silicon Valley Bank demise

UK tech firms are pouring cash into Revolut, Wise and other London fintechs after scrambling to withdraw funds from Silicon Valley Bank amid fears they may lose access to their deposits, the Standard has learned.

Evening Standard

Revolut report shines spotlight on other London fintechs with missing accounts

While Revolut has its accounts finalised, the Evening Standard has found there are at least three other major London-based fintechs that still haven’t filed their annual report with Companies House

Evening Standard

Revolut’s auditors ‘unable to verify’ three quarters of its revenues, report shows

BDO warned some information may be “materially misstated”

Evening Standard

Fintech firm Revolut moves closer to UK banking licence after first annual profit

Company criticised for late filing of accounts made profit of £26.3m in year to December 2021

The Guardian - UK

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Evening Standard

Revolut ‘really near the very final stages’ of getting a UK banking license as sales jump 33% in 2022

Fintech giant Revolut today said it was “really near the very final stages” of securing a banking license in the UK as it reported a near-tripling of sales and a breakthrough to profits in 2021 in a long anticipated set of results.

Evening Standard

Revolut sales jump 33% in 2022 despite crypto downturn

Fintech giant Revolut saw a 33% jump in sales in 2021, its accounts show today, amid a boom in crypto trading activity.

Evening Standard

Layoffs cloud UK fintech prospects

While London-based Revolut is set to hire at least 1700 staff over the next year, many of its peers have been less fortuitous, with the likes of Railsbank, Zilch, Zego and TrueLayer all shedding at least 10% of staff

Evening Standard

Rail strikes led to “no notable decrease” in retail spend, ONS finds

Data based on spending by Revolut card users found “in-store spending remained flat”

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Dublin Live

Revolut rolls out credit cards for Irish customers

The online banking company's latest move is a big move to help it compete with Ireland's major banks

The Guardian - UK

Revolut: can the chancellor’s fintech favourite fix its image problem?

The UK’s would-be ‘Amazon of banking’ run by Nikolay Storonsky has raised alarm over delayed accounts, EU regulatory fines, its co-founder’s Russian ties and issues with staff

Wales Online

Danniella Westbrook rushed to hospital after being left 'freezing and without money' in London

The former Eastenders star said she was left feeling 'vulnerable' and suffering panic attacks

Irish Mirror

Revolut in warning to customers with new criminal text message scam doing the rounds

Revolut has seen a rise in the number of customers flagging suspicious text messages in the last few days

Birmingham Post

Tech Nation to close down after losing £12m funding to Barclays

Among the businesses it has helped are Monzo Bank, Revolut, Bloom & Wild, Just Eat Ocado, Skyscanner and Deliveroo

Evening Standard

Revolut to hire 1,700 more staff as London fintechs defy global jobs cull

While the layoff headlines might be gloomy, recruitment is continuing in London’s world leading fintech sector, which appears to be remarkably resilient

Daily Mirror

My £6,000 fraud case could be solved, but the police won't even try

Fraud victim's dismay as Action Fraud say they are no leads - despite one clear line of enquiry

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