This month Revolut has significantly expanded operations catering towards SMEs, freelancers and sole traders.
Revolut continues its crypto expansion, receiving the regulatory nod from Cyprus to create a crypto hub to serve its 17 million EU customers.
Global neobanks have focused on the regional ecosystem as the fintech sector gained decent size and scale in the past few years.
Fintechs lose 50% of new accounts within the first year, according to Digital Onboarding SVP Adam Westley: Money walks right out the door.
The OCC is concerned about bank-fintech partnerships, Revolut looks to take on PayPal, Binance is making stablecoin moves, Coinbase is suing the U.S. Treasury and more.
Revolut, one of the largest digital banks in the world, has announced plans to expand its business to Latin America’s largest markets.