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The Latest Breaking News from Revolut

‘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

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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

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

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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”

Evening Standard

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

Dublin Live

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

The Guardian - UK

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

Wales Online

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

Irish Mirror

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

Birmingham Post

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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

Irish Mirror

Revolut launches 'Ultra' membership level with access to luxury lounges at airports

Ultra, will be the newest level above Revolut's Plus, Premium and Metal membership levels

Irish Mirror

Major change coming to Revolut for two million Irish customers and it's bad news for traditional banks

The new move is said to add additional pressure on traditional Irish banks from the popular app

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Dublin Live

Revolut announces Irish IBANs for customers in Ireland

The news comes as a relief to Revolut customers who were previously discriminated against by certain employers and service providers because they had a Lithuanian IBAN

The Guardian - UK

Fintech firm Revolut assembles behavioural team after criticism of its corporate culture

Exclusive: Company denies creation of team to track overhaul is part of effort to secure UK banking licence

Dublin Live

Revolut warns customers about 'shoulder surfing' scam involving fake taxis

The e-banking app has warned customers to be aware while unlocking their phones in public as criminals are using a technique called 'shoulder surfing' to steal money

Irish Mirror

Revolut warns of ‘shoulder surfing’ scam that's rife this Christmas and victims could lose thousands

Revolut detailed exactly how shoulder surfing works

Daily Mirror

Data shows regional spending habits on food - from supermarkets to restaurants

Tesco is the supermarket where the most money is spent nationwide, while Deliveroo is the clear winner out of the food delivery services

Wales Online

Data reveals regional spending habits on food - from supermarkets to restaurants

Tesco is the supermarket where the most money is spent nationwide, while Deliveroo is the clear winner out of the food delivery services

Irish Mirror

Drunk men being targeted on streets of Dublin at night as gardai warn of Revolut scam

The number of men who are being targeted while making their way home at night has seen an increase

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