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Revolut Hits 𝟱𝟬 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 Customers

Revolut Hits 𝟱𝟬 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 Customers

Hey FinTech Fanatic! Revolut has officially reached 50 million customers across 38 markets—a huge milestone for the London-based FinTech in just 9 years. This week, Revolut is hosting The Revolutionaries, a two-day event in London to celebrate their milestone alongside customers. Co-founders Nik Storonsky and Vladyslav Yatsenko will take

Truelayer Cuts Jobs and Loses Unicorn Status After Funding Setback

Truelayer Cuts Jobs and Loses Unicorn Status After Funding Setback

Hey FinTech Fanatic! UK's TrueLayer, backed by Tiger Global and Stripe, just closed a $50M funding round - but at a 30% lower valuation than their 2021 peak, losing their unicorn status. According to sources, the company made some significant moves in September, cutting 71 employees (25% of

Trolley Secures $23M Series B to Expand Global Payouts Platform

Trolley Secures $23M Series B to Expand Global Payouts Platform

Hey FinTech Fanatic! Trolley, a Toronto-based global payouts platform, has raised $23M in Series B funding, led by Wavecrest Growth Partners with support from Pace Capital. The funding will drive product expansion, targeting enhanced features for global payouts, compliance, and fraud prevention. Trolley also plans to broaden its customer base

PayPal Introduces Money Pooling for Family and Friends

PayPal Introduces Money Pooling for Family and Friends

Hey FinTech Fanatic! PayPal has introduced a new feature that allows customers to easily pool money with friends and family for group gifts, travel, special events, or other shared expenses. Launching globally across the US, Germany, Italy, and Spain, this feature enables users to create a money pool within the

Revolut Expands Crypto Exchange to 30 New Markets in Europe

Revolut Expands Crypto Exchange to 30 New Markets in Europe

Hey FinTech Fanatic! Revolut has announced a significant expansion of its dedicated crypto platform, Revolut X, now available to experienced traders across 30 new markets in Europe. “With the expansion of Revolut X, we’re aiming to make a real impact in the crypto trading space and offer a strong

UK Tightens Oversight on Critical Tech Providers in Finance

UK Tightens Oversight on Critical Tech Providers in Finance

Hey FinTech Fanatic! The Financial Conduct Authority (FCA) and the Bank of England have rolled out new rules targeting the resilience of critical third-party technology providers. With financial institutions relying more heavily on a small pool of tech firms to keep operations running smoothly, this framework is designed to mitigate

FTX Sues Binance for $1.76B Over “Fraudulent” Deal

FTX Sues Binance for $1.76B Over “Fraudulent” Deal

Hey FinTech Fanatic! The FTX estate is now on a relentless mission to recover what it claims as losses from none other than Binance and its former CEO, Changpeng Zhao. According to FTX’s latest court filing in Delaware, it seeks a staggering $1.76 billion, alleging a “fraudulent” deal

Block Earnings Reveal Dorsey’s Bitcoin and Banking Vision

Block Earnings Reveal Dorsey’s Bitcoin and Banking Vision

Hey FinTech Fanatic! Block, formerly Square, is shifting focus toward Bitcoin accessibility and small-business lending. On their Q3 earnings call, Jack Dorsey shared that Block is winding down TBD’s DeFi and scaling back on Tidal, redirecting resources to Bitkey (their self-custody Bitcoin wallet) and Bitcoin mining. “We’re focused

Equifax UK Launches Digital Tool for Faster Social Tariffs

Equifax UK Launches Digital Tool for Faster Social Tariffs

Hey FinTech Fanatic! Equifax UK launched a transformative tool to support financially vulnerable consumers. Tariff Connect is designed to streamline eligibility assessments for social tariffs, giving utility and telecoms providers a smarter, faster way to help customers access essential discounts and special pricing plans. By harnessing the power of Open

JPMorgan Rolls Out Instant Dollar-Euro Settlement on Kinexys

JPMorgan Rolls Out Instant Dollar-Euro Settlement on Kinexys

Hey FinTech Fanatic! JP Morgan is set to enable instant settlement for dollar-to-euro foreign-exchange conversions on its Kinexys blockchain platform, with plans to introduce the British pound soon after. As JPMorgan exec Naveen Mallela, co-head of Kinexys (formerly Onyx), put it, “If you look at JPM Coin, we generate revenues

Marqeta Shares Fall 40% Due to Regulatory Delays and Q4 Forecast

Marqeta Shares Fall 40% Due to Regulatory Delays and Q4 Forecast

Hey FinTech Fanatic! In a record plunge, shares of Marqeta Inc. fell more than 40% after disappointing fourth-quarter guidance left investors scrambling. "Heightened regulatory scrutiny has delayed the timelines for getting clients card programs up-and-running," Chief Financial Officer Mike Milotich said on a conference call Monday after Marqeta

UBS Launches First Tokenized Fund on Ethereum

UBS Launches First Tokenized Fund on Ethereum

Hey FinTech Fanatic! UBS Asset Management, the global giant steering over $5.7 trillion in assets, has launched its first tokenized investment fund on the Ethereum blockchain. uMINT—the UBS USD Money Market Investment Fund Token. This launch marks an expansion of UBS's Tokenize platform, which is carving

Barclays Finalizes £600M Acquisition of Tesco Bank

Barclays Finalizes £600M Acquisition of Tesco Bank

Hey FinTech Fanatic! Barclays has wrapped up its £600M acquisition of Tesco Bank, securing high court approval on October 17th. Under a ten-year partnership, Barclays will now operate Tesco’s banking services, while Tesco retains its insurance, ATM, and travel money operations. This deal brings 2,800 Tesco Bank employees,

Big FinTech News to Kick Off Your Weekend!

Big FinTech News to Kick Off Your Weekend!

Hey FinTech Fanatic! It’s been a whirlwind week here in San Francisco, packed with meetings right on the heels of a busy Money2020 in Las Vegas. I’ll keep this short so we can all head into a well-deserved weekend of rest. Of course, I won’t leave you