Revolut

Nik Storonsky, the billionaire co-founder of Revolut, has formally reaffirmed the United Kingdom as his country of residence following a series of conflicting filings that drew scrutiny from UK regulators. The reversal, documented this month via a Companies House form intended for correcting trivial

Mastercard, Visa, and Revolut have suffered a defeat in London’s High Court regarding the regulation of cross-border interchange fees. The financial heavyweights launched a legal challenge against the Payment Systems Regulator (PSR), arguing that the watchdog lacked the authority to cap the fe

Fintech giant Revolut is reportedly facing further delays in securing its full UK banking licence due to regulatory concerns over its cross-border payment controls. After a three-year process, the company received initial approval last year and entered a 'mobilisation' phase. During this restricted

Fintech giant Revolut has initiated a secondary share sale that values the firm at $75bn (£55.9bn), a significant jump from its previous $45bn price tag. The deal allows London-based staff to sell up to 20% of their holdings, with shares valued at $1,381.06 (£1,029) each. A Revolut spoke

EY has been appointed as Revolut's new auditor, concluding the fintech's relationship with its former auditor BDO. The change is seen as a crucial step in the company’s prolonged effort to secure a full UK banking licence.

Revolut CEO Nik Storonsky stands to gain a multi-billion dollar payout if the fintech company achieves a valuation of approximately $150 billion (c. £112bn), under a pay package similar to Elon Musk's deal with Tesla. Mr Storonsky, who founded Revolut in 2015, currently leads a company valued

The Bank of Lithuania has imposed a €3.5 million (c. £3m) fine on Revolut for deficiencies in its anti-money laundering (AML) processes, marking the UK-founded fintech's largest financial penalty to date. The Lithuanian central bank, which oversees Revolut's European banking operations al

Revolut and Visa have launched legal challenges against the UK's Payment Systems Regulator (PSR), disputing its proposed cap on international digital transaction fees. The companies argue the PSR has exceeded its statutory powers with the plan, which aims to limit interchange fees on cross-border on

Revolut, Chase and Modulr are set to join the 159 short-code phone service available to people who are worried about a potential banking scam. 

FinTech and challenger bank Revolut has announced today that it has received its UK banking licence with restrictions from the Prudential Regulation Authority (PRA). Revolut now enters the ‘mobilisation’ stage, sometimes referred to as ‘Authorisation with Restrictions’, a com

Revolut has posted a 95% surge in revenues to $2.2 billion (around £1.74bn), and a record profit before tax of $545 million (around £430m), marking the fintech's third consecutive year of profitability. The company attributed its success to a focus on core banking services in Europe, str

Popular fintech Revolut has received calls to improve its internal controls after the Financial Reporting Council (FRC) found the company's account audits to be significantly flawed.

Revolut, the global financial super app with more than 18 million customers worldwide, has announced a streamlined version of the Revolut app will be available in five new countries in the next couple of months. Customers in the additional countries can transfer money to 50+ countries quickly, bring

Revolut Business, the business banking app run by the challenger bank, is launching ‘Spend Management’, a new suite of solutions to help CFOs and controllers manage their teams’ spending.

Workers who bank with Revolut will be able to draw as much as half of their salary as they earn it weeks before payday under a new service being launched by the lender. The challenger bank, which has 3.5 million UK customers, will charge a flat fee of £1.50 every time a user accesses the pay t