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Fintech Revolut is in negotiations to relocate its headquarters to a more central area of Canary Wharf, according to reports, in what could be a boost for the struggling financial district.
Francesca Carlesi joins the firm from Molo, the UK's first fully digital mortgage lender, bringing experience from the world of banking and fintech.
Fintech Revolut has moved one step closer to securing a UK banking license, as it signed a share deal with its Japanese investor SoftBank to break down a major barrier. The Bank of England ordered Revolut to collapse its six classes of shares into one as a requirement for a full licence, the Financial Times [...]
The fintech's results had been due in September, nine months after the end of its financial year.
Two new challengers succeeded in securing banking licences from regulators today, raising more question marks for Revolut as it struggles to get approval from the City watchdogs.
Revolut will stop offering crypto services to its US customers as regulators in the country begin to clamp down on the sector. The digital lender said it was withdrawing services because of “the evolving regulatory environment and the uncertainties around the crypto market in the US”, a spokesperson for the company said in a statement. [...]
Revolut’s value has plunged by nearly 40 per cent over the past year as it struggles to win a banking licence and fails to provide full “visibility” on its accounts, according to a major investor in the firm. London-based Revolut, run by Russian-British founder Nik Storonsky, bagged a $33bn valuation at the peak of the [...]
The finance chief of Revolut has quit the firm, he announced today, adding to the woes of the company as it struggles to earn a UK banking licence.
Revolut has attacked UK regulators for being “extremely bureaucratic” twice over the past few days as reports suggest government figures are attempting to soothe the fintech’s concerns. According to the Daily Telegraph, business secretary Kemi Badenoch is seeking an emergency meeting with Revolut to convince it to stay in the UK. The newspaper reported that [...]
Revolut’s value has plunged by nearly half over the past year according to one of its shareholders, as investors reconsider the hefty price tags attached to tech and fintech firms during a 2021 funding frenzy. Schroders Global Innovation Trust, a long-time Revolut investor, revealed in a regulatory filing last week that it had written down [...]
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