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Hey FinTech Fanatic! The European Central Bank (ECB) has urged Revolut to enhance its financial crime controls and governance after a review raised concerns. This follows similar issues delaying the UK FinTech's banking license application. The ECB, now directly supervising Revolut Holdings Europe UAB, has found several deficiencies

Hey FinTech Fanatic! Chase customers will soon be banned from using their credit cards to pay for third-part BNPL instalment plans. The US bank informed credit cardholders on their latest statements: "Effective October 10, 2024, you will not be able to use Chase credit cards to pay for third-party

Hey FinTech Fanatic! This week, we're celebrating a nice milestone in the FinTech world: Revolut has turned 9 years old! To mark this occasion, I shared the pitch deck Revolut used to raise their first $1.5 million seed round back in 2015. It’s fascinating to see

Hey FinTech Fanatic! New data from Innovate Finance reveals a significant downturn in global FinTech investment in the first half of 2024. The total capital invested worldwide reached $15.9 billion, a 19% decrease from the $19.5 billion recorded in the second half of 2023. This decline mirrors the

Hey FinTech Fanatic! Stripe’s valuation has edged up to $70 billion, spurred by Sequoia Capital's recent move to purchase shares from current investors seeking to exit the FinTech company, which specializes in payment processing for merchants. Sequoia Capital has proposed a share price of $27.51, as

Hey FinTech Fanatic! Revolut has filed a change of share class document with companies house. This could be the merging of all classes to one ordinary stock type as stipulated by the BoE as a hurdle to obtain the Banking License. More info to follow once the document becomes available.

Hey FinTech Fanatic! Open Payment Technologies Ltd has launched "Kuady," a digital wallet app designed to enhance financial inclusion and streamline money management for merchants and users. Kuady offers a secure and user-friendly experience, facilitating efficient financial transactions. Initially debuting in Peru and Chile, Kuady will enable seamless