Search results
Results From The WOW.Com Content Network
It is a major victory for Revolut, one of a handful of financial services apps - commonly known as fintechs - to emerge in Britain over the last decade, offering services without physical branches.
Revolut Group Holdings Ltd, doing business as Revolut, [2] is a British multinational neobank and fintech company that offers banking services for individuals and businesses. [3] The company was founded in July 2015 by British-Russian businessman Nikolay Storonsky and British-Ukrainian software engineer Vlad Yatsenko and operates in 48+ countries.
After years of losses, British banking app Revolut finally turned a corner last year. Its revenues almost doubled to £1.8 billion ($2.27 billion), helping it turn a pre-tax profit of £438 ...
Revolut founder and CEO Nik Storonsky had a simple message for his employees at the company's summer drinks last year: make the financial technology firm bigger, better and beat the banks, a ...
In January 2019, the German direct bank N26 overtook Revolut as the most valuable mobile bank in Europe with a valuation of $2.7 billion and 1.5 million users. [22] [23] Following is a list showing the share of people using mobile banking apps during the last three months in selected countries worldwide in 2014.
Revolut offers accounts and debit cards for fee-free spending abroad at real exchange rates. [16] In 2021, Revolut became the most valuable fintech firm in the UK. [17] [18] As per the 2023 annual report, Revolut achieved a revenue of 1.8 million GBP, with a net profit of 344 million GBP. As of November 2024, the company serves 50 million ...
A licence means the company will be able to hold customer deposits, and offer lending products like credit cards, personal loans, or mortgages.
Users with a simple phone or without the app can still receive money if the phone number is registered in the internet bank. Like many other mobile payment system, its main obstacle is getting people to register and download the app, but it has managed to reach a critical mass and it has become part of everyday life for many Swedes.