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FOUND: 5 - You Need To See This

Revolut valuation hits $45 billion in staff share sale as Tiger Global ups investment

Britain’s newest bank has signed agreements over a secondary share sale at a $45 billion valuation, with existing staff set to cash in their shares as investor Tiger Global increases its stake in the business.

Evening Standard

Revolut's UK banking licence is fantastic news...for the FT

Congratulations are in order to Nik Storonsky, co-founder of Revolut and arguably the most patient businessman in London. He has had to wait a tedious three years to finally secure a British banking licence, opening the door up to further expansion for the $45 billion fintech.

Evening Standard

Post Office management were ‘thugs in suits’, former Lib Dem leader Vince Cable tells inquiry – as it happened

Cable agrees with characterisation of leadership at state-owned body when he was business secretary from 2010-15 in testimony to hearings on Horizon IT scandal

The Guardian - UK

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Revolut finally receives UK banking licence after three-year wait

Move paves way for fintech firm to hold customers’ deposits and offer own-branded loans, including mortgages

The Guardian - UK

Revolut receives UK banking licence

Revolut today ended a painful three-year wait to secure a British banking licence in a breakthrough moment for Britain’s biggest fintech, paving the way for major expansion.

Evening Standard

Books that shook the business world: Wikinomics by Dan Tapscott and Anthony D. Williams

I have a confession to make. Despite being an academic, I do not actually read many books. In truth, I don’t often find books about what I like. My interest is on how the latest technologies affect business, and this topic is usually covered better by research articles and the…

The Conversation

Revolut's new banking licence strategy

Crypto? What crypto?

Evening Standard

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The VC behind Mistral, Revolut and Slack just raised $2.3 billion to invest in long-term AI champions: ‘The era of the quick buck mentality is over’

“We think Europe is going to be one of the most important ecosystems for AI,” Index Ventures's Hannah Seal told Fortune.

Fortune

Revolut billionaire Nik Storonsky set for a 9-figure payday as part of upcoming $500 million share sale

The secondary sale will be closely monitored as Revolut has become the crown jewel of the U.K.’s fintech sector and the most valuable private company in Europe.

Fortune

Billionaire Nik Storonsky builds side quant bet to Revolut

Nik Storonsky spent the past decade shaking up banking with his financial services firm Revolut. Now the billionaire former Lehman Brothers trader is looking to pull off a similar feat in venture capital.

Evening Standard

Revolut reports record profits as it hints at plans for IPO

London-based fintech company has been waiting more than three years for its UK licence to be approved

The Guardian - UK

Why the nation of Alan Turing is poised to revolutionize AI despite the recent dip in investment, according to a venture capitalist

There are two axiomatic ingredients for building world-changing companies: Capital and talent. In both areas, Britain is at a huge advantage.

Fortune

Phone snatch city: Revolut ramps up security amid surge in muggings

Crime statistics show a 34 per cent rise in knifepoint robberies in London last year

Evening Standard

I’m a victim of scammers. But Revolut says ‘no’ to a refund

The company seems to hold me entirely responsible for the fact £40,000 was stolen

The Guardian - UK

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Evening Standard

Banker bonus gap widens as men awarded more variable pay than women at top financial firms

Median bonuses widened between men and women in 11 out of 18 banks in the UK

There's a neat way to avoid roaming charges no matter what network you're on

New service offers easy access to eSIM roaming data across the globe.

TechRadar

Revolut is launching a mobile eSIM for business travellers

Revolut customers can now get access to an eSIM to access banking and more in 100+ countries globally.

Evening Standard

Revolut could face million-dollar damages after biometric data lawsuit

Revolut could face millions of dollars in damages after being hit by allegations of illegally collecting, storing and using its customers’ biometric data in a fresh lawsuit filed in the US.

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The Guardian - UK

Fintech firm Revolut hit by £25m loss after hiring spree

Firm gave near 80% pay increase to founder despite uncertainty over approval of UK banking licence

Evening Standard

Revolut swings to £25 million loss as auditor says IT issues 'resolved'

The rosy audit opinion gets the London fintech a step closer to securing a banking licence

Fortune

Apex Fintech Solutions will try to go public again

The custody and clearing firm has confidentially filed its draft registration statement with the SEC.

Evening Standard

Revolut mulls auditor switch as banking licence decision looms

London fintech giant Revolut has been considering switching auditors after its last annual accounts were only signed off with a health warning, the Standard understands.

The Independent UK

Revolut hikes fees and widens access to apps from ClassPass to Tinder Gold

The financial platform said it is the first time it has changed the prices of some plans since launching in the UK five years ago.

Fortune

U.K. fintech used to be a side hustle for bored finance executives in the wake of the Global Financial Crisis. Now it’s an industry with the potential to rival the country's big banks

The 5 leading banks in the U.K. have experienced a sustained decline in market capitalization since 2008. Meanwhile, fintech has become the most valuable segment of the British tech industry.

The Conversation

What Revolut’s attempt to secure a UK banking licence could mean for its current customers and for the 'unbanked'

Last year, the CEO of financial technology (fintech) company Revolut added a UK banking license to his 2022 Christmas wish list, telling startup news outlet Sifted: “I would love to have it as a Christmas present. A present for me personally and for the business.”

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