Search Results for "Revolut"
13 results for "Revolut"
Deals 13
Nordea Bank Linked to Potential Acquisitions of Avanza and Nordnet
Nordea Bank is reportedly exploring acquisitions of digital banks Avanza and Nordnet as part of a fintech-driven M&A wave in the Nordic region. The move would help Nordea adopt digital technology and counter competition from fintechs like Lunar, Klarna, and Revolut. This reflects a broader 2026 trend of traditional banks acquiring digital-first competitors.
Revolut Acquires Banco Cetelem to Enter Argentine Banking Market
Revolut acquired Banco Cetelem to enter the Argentine market and obtain a banking license in the country. The deal gives Revolut a direct banking presence in Argentina rather than relying on partner banks. This marks a significant expansion of Revolut's Latin American footprint.
Global Processing Services Raises Over $300M for Global Expansion
Global Processing Services (GPS), an API-first payment technology platform, raised over $300 million from Advent International and Viking Global Investors. GPS powers major fintechs including Revolut, Curve, Starling Bank, and Zilch across 48 countries. The investment will accelerate technology development and expand GPS's global operations across Europe, Asia-Pacific, and the Middle East.
Rize Secures $11.4M Series A for Fintech-as-a-Service Platform
Rize, a full-stack fintech-as-a-service and BaaS platform providing banking infrastructure such as accounts, cards, and wires, raised $11.4 million in Series A funding. The round was co-led by Alpha Edison and Morpheus Ventures, with participation from several notable investors. Funds will enhance products for fintech builders seeking to embed banking services.
Sila Raises $13M Series A for Compliant Payment Infrastructure API
U.S.-based fintech Sila secured $13 million in a Series A round led by Revolution Ventures for its compliant payment infrastructure API. Backed by Evolve Bank & Trust, Sila provides APIs for payments, KYC, and KYB. Total funding reached over $20 million.
Revolut Files Draft US Bank Charter Application with FDIC and California DFPI
Revolut filed a draft bank charter application with the FDIC and the California Department of Financial Protection and Innovation in March 2021. The UK-based challenger bank simultaneously launched US business accounts. The move signals Revolut's intent to operate with its own state banking license rather than relying on partner banks in the US market.
Revolut Secures $80M Extension at $5.5B Valuation for Digital Banking Expansion
Revolut raised an $80 million extension to its prior $500 million funding round at a $5.5 billion valuation, led by TSG Consumer Partners. The digital banking platform serves over 12 million customers with money transfers, budgeting tools, and expanding financial services, bringing total funding to over $900 million.
Chime Holds 60% of US Digital Banking Market Without Bank Charter
Chime commanded approximately 60% of the US digital banking market as of May 2020, operating entirely through bank partnerships rather than its own charter. This underscored the dominance of the BaaS partnership model for scaling consumer fintech. The report also noted the broader landscape of fintech charter challenges.
Revolut Launches in the US via Metropolitan Commercial Bank Partnership
Revolut officially launched its mobile banking app and debit cards in the United States through a partnership with Metropolitan Commercial Bank. US customers gained access to FDIC-insured deposit accounts. The launch marked Revolut's entry into the US market as a fintech super app.
Revolut Raises $500 Million Series D at $5.5 Billion Valuation
UK digital banking platform Revolut raised $500 million in Series D funding led by TCV, valuing the company at $5.5 billion. The round included participation from DST Global, Index Ventures, and Balderton Capital. Revolut planned to use the capital to strengthen product development, roll out banking operations in Europe, and increase daily user engagement.
Revolut Launches Open Banking for UK Customers via TrueLayer
Revolut launched open banking for UK retail and business customers, partnering with TrueLayer to enable account aggregation. Users can connect external bank accounts to view balances within the Revolut app. This deepens Revolut's embedded finance capabilities and positions it as a financial hub.
Visa and Revolut Agree to Expand Digital Banking to Five New Regions
Visa announced a new agreement with UK-based fintech Revolut to expand its digital banking services to five new regions. The partnership builds on Visa's fintech strategy and Fast Track program. This deal highlights Visa's effort to embed its network into fast-growing neobanks globally.
Visa Partners with Revolut for Prepaid Card Issuance in the UK
Visa and digital banking fintech Revolut partnered on prepaid Visa card issuance in the UK. The deal enabled Revolut to offer Visa-branded prepaid cards to its growing customer base. This partnership represents an embedded finance model where a card network enables a fintech's consumer-facing banking products.