
Wise saw its shares dip Monday after management announced that long-serving CFO Matt Briers would leave the company early next year.
Revolut is a digital banking alternative for instant payment notifications: free international money transfers and global fee-free spending.
Revolut Ltd is a UK financial technology company that offers banking services including a pre-paid debit card (Mastercard or Visa), currency exchange, cryptocurrency exchange and peer-to-peer payments. The Revolut mobile app supports spending and ATM withdrawals in 120 currencies and sending in 29 currencies directly from the app. It also provides customers access to cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and XRP by exchanging to or from 25 fiat currencies; however, cryptocurrencies remain locked in the app and cannot be moved to another cryptocurrency wallet.
Revolut currently charges no fees for the majority of its services (but for a capped usage), and uses interbank exchange rates for its currency exchange on weekdays, and charge a markup from 0.5% to 1.5% on weekends.
Wise saw its shares dip Monday after management announced that long-serving CFO Matt Briers would leave the company early next year.
Amid financial scrutiny, UK fintech giant Revolut faces rejection for its long-running banking license application.
Revolut believes that license would help to ensure higher consumer confidence.