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FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

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Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking. It boasts more than 12 million customers.

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FinTech Revolut’s Losses Triple As Customer Base Grows

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Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. The company posted a total loss of $139.6 million (£106.5

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Today In Digital-First Banking: German Neobank N26 Eyes IPO With New CFO; Goalsetter Lands $3.9 Million Seed Investment  

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Jan Kemper on board as its new CFO as the Germany-based financial technology firm eyes a future possible IPO. N26, which is backed by Li Ka-Shing and Peter Thiel, rolled out its first offerings in 2015 and is one of the most valuable non-listed FinTechs in Europe. Goalsetter, the financial technology upstart, has landed $3.9

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Small Businesses Making Big Mistake By Going Cash-Only, Report Finds

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Small businesses that ignore next-generation payments technologies like invisible payments or cryptocurrencies are losing out big time, but new research suggests that tens of thousands of dollars are lost by SMEs because they aren’t even accepting cards. Analysis from Expert Market found that some small businesses in the U.K.

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Wirecard Reportedly Fined Millions By Visa, Mastercard For Questionable Transactions

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And since 2015, Visa and Mastercard executives have been concerned about issues with Wirecard that included miscoded gambling transactions, high numbers of stolen card purchases and reversed transactions which led to substantial fines, sources told the newspaper. credit card purchases.

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Revolut Expands Beta Version Into Australia

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Financial technology company Revolut has ventured beyond Europe and into Australia as of Thursday (June 13), according to a report. Some features, like crypto exchange, business accounts and metal payment cards, won’t be available in the beta. between the start of 2015 and the end of 2018.

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Why Digital Marketplaces Must Anticipate Shoppers’ Needs

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Indonesian ride-hailing and online payment company GO-JEK , for instance, is expanding its financial technology services through partnerships with peer-to-peer (P2P) lending firms Dana Cita, Aktivaku and Findaya. billion – of funds were lost to card fraud in 2018, up from $1.4 Just under $3 billion – or $2.7 billion in 2017.

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