Tag: Revolut
Exploited loophole causes major $20m security breach for Revolut
Revolut faced a security breach, leading to a loss of $20m due to a fault in its payment processing system, as reported by the FT.
InsurTech leader Qover secures $30m in Series C funding round
In the increasingly competitive InsurTech market, Qover, a pioneering firm specialising in the orchestration of embedded insurance, stands out as it successfully wraps up a $30m Series C funding round.
Qover partners with Revolut for disruptive trip cancellation insurance
Revolut and Qover have announced their second collaboration, providing embedded insurance for a new trip and event cancellation cover.
UK Incumbent bank remain top of app download charts but challengers...
Key mobile banking download stats as of June 1st 2023:
• Revolut was the most downloaded mobile banking app in 2022 with 3.31m downloads
• Combined...
Molten Ventures reduces Revolut valuation by 40%
Molten Ventures, a prominent venture capital firm, has marked down the value of its stake in the FinTech enterprise Revolut by 40%, according to a report from Finextra.
UK banking licence eludes Revolut amidst financial scrutiny and executive exodus
The Bank of England is reportedly on the brink of dismissing Revolut's persistent bid for a UK banking licence
The top 10 most well-funded neobanks in the UK have attracted...
All eyes are on the banking sector after Silicon Valley Bank (SVB), Signature Bank, First Republic Bank (FRC) and now Credit Suisse collapsed. There...
UK FinTech giant Revolut records first full year of profitability
UK FinTech giant Revolut has recorded its first full year of profitability, after it generated £100.3m adjusted EBITDA and £26.3m in profit for 2021.
How super apps are taking the world by storm
Super apps are becoming a major global trend. Currencycloud has released a free ebook exploring what a super app is and why they are taking the world by storm.
Revolut is the most searched online banking service in Europe
UK-based FinTech giant Revolut is the most searched online banking service in Europe, according to a study by spread betting broker CMC Markets.