Tag: Revolut

Revolut partners with Game4Ukraine to fundraise for reconsruction of Ukrainian school

Revolut has partnered with Game4Ukraine to help raise funds for the reconstruction of a Ukranian school that was struck by missiles in the war

Revolut reveals 62% spike in transfers to Muslim countries during Eid...

Revolut has revealed that around 62% more money was transferred into Muslim countries during Eid al-Adha, the religion’s largest holiday. 

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.

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