#revolut

#revolut

Revolut has overtaken Barclays in valuation after securing a $75 billion price tag in a major secondary share sale backed by Nvidia, cementing its position as Europe's most valuable private tech company and the standout success story of Britain's fintech sector. The deal - largely involving staff selling portions of their holdings - marks a dramatic jump from Revolut's $45 billion valuation last year. It now exceeds the market capitalisation of Barclays (£55.7bn / $73bn), as well as other UK banking giants including Lloyds and NatWest.

Small-business owner Johnny Carroll only got refund after a year of pleading and the company eventually said it had been a 'malware incident'.

Small-business owner Johnny Carroll only got refund after a year of pleading and the company eventually said it had been a 'malware incident'

By activating the feature, I thought I was building up savings in the background. Then I discovered hundreds of transactions, made without my knowledge For years, I was Revolut's biggest cheerleader. As a travel writer, I relied on it for switching currencies with a swipe, avoiding the hidden fees traditional banks may charge. It felt like the future of banking: sleek, fast, user-friendly.

U.K. fintech Revolut has hit yet another roadblock to its longstanding mission of becoming a real bank in its home country: Its full banking license is on hold because the country's central bank is concerned over whether the startup can maintain its risk management controls in the face of its blazing fast international expansion. The Bank of England wants Revolut to commit to building its risk management stack to match its international growth before the regulator can approve a full banking license

Nik Storonsky, chief executive and co-founder of Revolut, said the London hub would be central to the company's ambitious growth plans. Revolut now serves 65 million customers worldwide, with Storonsky targeting 100 million in the near future. The UK investment forms part of a wider £10 billion global programme to create 10,000 jobs over five years. Founded in 2015, Revolut already employs more than 10,000 people globally, with 1,300 in London.

In a dramatic affidavit, Rippling employee Keith O'Brien claimed he was paid to spy on Rippling, with the first payment sent to his Revolut account.