HSBC has launched a new product called Zing focused on international transfers to better compete with fintech companies like Wise (formerly TransferWise) and Revolut. Bloomberg wrote that the app was
Revolut, the fintech giant based in the U.K., has appointed a new CEO for its U.K. division. Francesca Carlesi will be in charge of Revolut’s division in its home country — Nik Storonsky remains t
U.K.-based Revolut saw its valuation being reduced earlier this year, and the company is once again in the headlines for reasons that it won’t like.
Revolut's situation seems like awful news for other neobanks. How much more room do less profitable neobanks have to fall?
The all-in-one fintech app Revolut has released its annual report for 2021. While 2021 ended more than a year ago, this report includes some significant figures as the company nearly tripled its reven
Meet Solvo, a new mobile app that wants to make it easier to invest in cryptocurrencies and cryptocurrency-related financial products. The two founders, Ayelen Denovitzer and Shailendra Sason, met whi
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As fintechs become more efficient, so too do fraudsters. “Faster instant payments mean faster fraud,” Sardine CEO and co-founder Soups Ranjan told TechCrunch. That’s the thesis behin
Fintech startup Revolut has confirmed it was hit by a highly targeted cyberattack that allowed hackers to access the personal details of tens of thousands of customers. Revolut spokesperson Michael Bo
Kuda, the challenger bank based in Nigeria and the U.K., has joined the ranks of tech companies in Africa that are pruning their workforce. The news of the layoffs, which was first disclosed to TechCr
The world is entering a huge cost of living crisis, which will inevitably result in a rise in homelessness. But donating to homeless people has yet to go fully digital. Challenger bank Monzo allowed t
Data quality has been shaping up as a salient and increasingly critical part of the world of data science: Enterprises are sitting on growing troves of information, but it’s only useful if we ca
Mono is building a fully digital bank with accounts that can be opened in around 15 minutes versus an average of two weeks at an incumbent bank.
Crypto platform Gemini has cut approximately 10% of its workforce, per co-founders and twin brothers Cameron and Tyler Winklevoss. In a post announcing the news, the duo attributed the layoffs to “t
People in the Global South are often subject to terrible fluctuations in their currencies, as well as hyperinflation. At the same time, many are unbanked, but still able to access a crypto wallet. A w
Online payment methods can be expensive for merchants, who have to pay between 2% and 8% of every sale to debit and credit card, e-wallet and BNPL facilitators. Much of this is often passed to consume
Immigrants to a new country can often be cash rich. The problem is that they have no credit history in their new country. Plus, a consumer cannot take their credit file from one country to another. Fu
Last year, SEON, which has an anti-fraud platform designed to fight accounts raised a $12 million Series A. It does this by looking at a customer’s ‘digital footprint’ – especially their s
Immigrants, international students, and the migrant population in general all require international payments, or foreign exchange. Revolut and Wise are among those platforms to have taken advantage of
The number of applications for international visas in the U.K. and elsewhere, in order to leave Russia, has exploded following the latter’s invasion of Ukraine. It’s estimated that since Febru
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