Digital banking startup Revolut has posted losses of over £106 million ($139 million) for 2019, up 300% on its losses for the previous year.
The change in terms follows the U.K. bank allowing all customers access to digital currency trading for the first time.
Revolut has been forcing its employees to quit their jobs or risk getting fired. A new report claims that the firm has dismissed several workers, some illegally
Revolut began operating in Australia in 2019 under a special exemption granted by the Australian financial regulator ASIC.
Digital banking platform Revolut has launched in the U.S, five years after it launched in Europe. The platform supports easy buying of digital currencies.
European fintech unicorn Revolut has opened a new money management tool for kids. The company’s standard accounts allow seamless access to digital currencies.
The digital banking platform, which allows its users to easily purchase crypto, is now valued at $5.5B, making it the U.K.’s most valuable fintech startup.
It’s been another productive week for the cryptocurrency space with activity and progress being shown across the globe.
The digital bank is already making in-roads domestically, with plans for expansion into Japan and the United States, pending completion of an upcoming funding round.
Revolut is ramping up, with the goal of expanding to many new markets and offering easier access to banking.
U.K digital banking startup Revolut has refuted claims that it abandoned its anti-money laundering protocols and possibly processed illegal payments. They say it’s just a big misunderstanding.