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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