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Hey FinTech Fanatic! Revolut’s CEO and co-founder, Nikolay Storonsky, expressed optimism about securing a UK banking license soon, despite delays since their 2021 application. The FinTech giant reported a record pre-tax profit of $545 million for 2023, driven by user growth and revenue diversification. Storonsky highlighted that Revolut’s

Hey FinTech Fanatic! Revolut plans to publish its 2023 results in the upcoming days, ahead of the deadline, marking progress in its bid for a UK bank license after missing deadlines in previous years. Revolut, is set to release its highly anticipated results, expected to reveal 𝘀𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝘁 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝘀 𝗶𝗻 𝗯𝗼𝘁𝗵 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝗮𝗻𝗱 𝗻𝗲𝘁 𝗶𝗻𝗰𝗼𝗺𝗲, in the coming days,

Hey FinTech Fanatic! Stripe and Coinbase have teamed up to enhance onchain adoption and provide faster, cheaper financial services. This partnership includes three main integrations: 1. Stripe's Crypto Payouts: Stripe will integrate USDC on Base into its crypto payouts, allowing for faster, cheaper money transfers to over 150

Hey FinTech Fanatic! Evolve Bank & Trust has been hit by a significant cyberattack, with the Russia-linked LockBit ransomware group releasing stolen customer data on the dark web. This breach follows LockBit's claim of hacking the US Federal Reserve, though no proof has been provided for the latter.

Hey FinTech Fanatic! Over 100,000 US consumers have subscribed to Klarna Plus, the $7.99 monthly service offering exclusive discounts and reduced fees, as announced in a recent press release. According to Klarna, subscribers saw an average saving of $18 in their first month of membership. They also mentioned

Hey FinTech Fanatic! ACI Worldwide and RS2 have partnered to deliver a comprehensive solution for acquirers and issuers in Brazil. This collaboration merges ACI's and RS2's strengths in acquiring and issuing, aiding financial institutions, integrated software vendors, payment facilitators, independent sales organizations, and payment processors in

Hey FinTech Fanatic! Revolut has hired bankers to help it sell about $500 million worth of existing equity at a $𝟰𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝘃𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻, up from the $33 billion valuation it last garnered in a 2021 fundraising round. The company — which has spent years trying to secure a banking license from UK regulators that