The UK-based payments company will use the investments to further expand its operations and allow users to purchase and sell digital currency.
The Revolut CEO also talked about the company’s plans for a non-custodial wallet.
Revolut advocated for an immediate ceasefire, noting that war can never be a solution to any form of diplomatic row.
The launch of a Revolut stock trading service for US users directly competes with Robinhood and Cash App for some market share.
The fledgling startup sector in Europe has seen trailblazing growth over the past couple of years in funding, with more than 300 unicorns.
Using Nobly’s POS system for the hospitality industry, businesses are able to make orders and manage their inventory.
UK Fintech company Revolut begins hiring for a technical lead to architect a crypto exchange.
The fintech company is looking to create more awareness for digital banking among US citizens. Revolut US CEO Ron Oliveira also said slashing fees would empower its US customers to attain financial freedom.
However, the timing for a Revolut crypto token is subject to approval from the United Kingdom’s regulators.
Revolut has a lot to gain from the stock trading offering in the United States, as more people are getting increased education to commit their funds to work for them as traditional investment options are no longer attractive.
The funding round is a big plus for the fintech startup, TrueLayer, and at the same time, it acts as a vote of confidence since Stripe is backing TrueLayer, even though Stripe is TrueLayer’s competitor.
