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The fundraising makes Revolut Britain's most valuable fintech firm

Revolut valued at $33bn, as it raises $800m

Digital banking app Revolut has raised around $800 million in a new funding round led by Softbank's Vision Fund and Tiger Global Management, valuing the company at around $33 billion.

Business • 15 Jul 21

Revolut's personal customers increased by 45% from 10 million at the end of 2019 to 14.5 million at the end of 2020

Revolut's revenues and losses jumped last year

Digital banking app Revolut said its annual losses doubled to just over £200m as administrative costs rose from investment in risk, compliance and controls.

Business • 21 Jun 21

Revolut CEO Nikolay Storonsky said the application process for an Irish bank licence had taken longer than expected

Revolut aims to launch loans, credit cards this year

Revolut hopes to offer credit cards and loans to Irish customers by the end of the year, according to it CEO, though the exact timing will depend on when it gets licenced by the Central Bank.

Business • 18 Jun 21

Total spend in bars and pubs soared by 246% on Monday compared to Sunday, Revolut figures show

Consumers spend big on Bank Holiday re-openings

New figures from financial technology company Revolut show that after months of closed bars, restaurants and cinemas, people took full advantage of relaxed restrictions and good weather and spent big during the June Bank Holiday Monday.

Business • 09 Jun 21

Revolut Ireland CEO Heneghan to run European operations

Joe Heneghan, CEO of Revolut Payments Ireland, has been named as the company's new Chief Executive Officer Europe.

Business • 08 Jun 21

Penneys stores accounted for 30 of the top 50 retailers in the country for Revolut spending yesterday

Revolut users spend big in Penneys as retailers reopen

Revolut users spent more money in Penneys stores than any other non-essential shops in the country on the first day of the reopening of retail yesterday.

Business • 11 May 21

Spending declined across a number of sectors, including supermarket spend which was down 5%

Revolut data reveals 28% rise in hotel spend

While spending by Revolut's Irish customers dropped by 3% in April compared to March, new data shows a surge in spending on activities outside the home.

Business • 07 May 21

Spend on air travel was up 57%, according to the data.

Revolut data reveals rise in spend on overseas travel

Spending by Revolut's Irish customers in March was up 20% compared to the previous month, with a rise in travel related spend - both domestic and international.

Business • 09 Apr 21

Revolut wants its employees to spend extended quality time overseas

Revolut workers can work from abroad up to two months

Digital banking app Revolut has said it will allow its more than 2,000 employees to work from abroad up for up to two months a year, in the latest step in its commitment to "agile" working.

Business • 08 Apr 21

Business owners can also set up automatic notifications to remind employees to submit receipts for their expenses

Revolut launches feature to help firms manage spending

Revolut Business is launching a new 'Expenses' feature which it hopes will help businesses save time and stay organised.

Business • 10 Mar 21

New Revolut research shows that consumer spending fell again in February

Consumer spending down 19% in February - Revolut

Consumer spending fell again in February as the impact of the full coronavirus lockdown continued to bite, new figures from digital banking app Revolut show.

Business • 08 Mar 21

The app will will generate a QR code which the customer can scan with the camera on their phone

Revolut introduces QR code payments for businesses

Revolut business customers will now be able to accept in-person payments using QR codes.

Business • 17 Feb 21

Cinema spending was down 99% in January compared to the same month in 2020, new Revolut figures show

Revolut sees 14% drop in consumer spending in January

Consumer spending in January of this year was down 14% on the same month in 2020, according to financial technology company Revolut.

Business • 08 Feb 21

If the plans get clearance, the service could start rolling out as early as this summer, it is understood

Banks to create payment app to rival Revolut and N26

Four of the five main Irish retail banks have notified the competitor regulator of plans for an app based payment system that would enable consumers to move money between each other with ease.

Business • 12 Jan 21

Digital banking app Revolut said its research showed that consumers returned to the shops in force for a Christmas shopping spree

Consumer spending up 6% in December - Revolut

New figures from Revolut shows that total consumer spending in December 2020 rose by 6% from December 2019, with many sectors seeing record levels of expenditure.

Business • 11 Jan 21

Traditional banks faced fresh threats as new, more tech-focused entrants began to take more market share

Business 2020: Banks grapple with crises new and old

The ghosts of economic crises past continued to haunt Ireland's banks this year - all while they juggled with the implications of a new one.

Business • 30 Dec 20

Revolut has 1.2 million customers in Ireland

Revolut offers customers protection on purchases

Revolut has announced a revamp of its paid plans and the addition of Revolut Plus, an option that allows customers protect their purchases from theft, damage, or no-returns policies.

Business • 22 Dec 20

54% of the spend last month was online, up from 27% in November of 2019

Online spending last month double that of last year

Online spending in November was double what it was during the same month last year, as people were precluded from physical shopping in non-essential retail stores due to Covid-19 restrictions.

Business • 07 Dec 20

On average shoppers here spent a total of €63.18 on Irish websites on Black Friday

Irish e-tailers recorded 135% Black Friday boost

Spending on Irish websites on Black Friday was up 135% on last year according to new data from Revolut.

Business • 29 Nov 20

The number of Revolut users spending money in restaurants fell by 19% year-on-year

Spend in jewellers up 7% among Revolut users

New data carried out by Revolut has revealed the scale of the financial challenges facing many sectors, as the Government prepares to deliver Budget 2021.

Business • 12 Oct 20

Irish customers of Revolut will then be regulated by Lithuania's Central Bank and not the UK's Financial Conduct Authority

Revolut moving Irish accounts to Lithuania

Revolut has announced that it is moving its Irish users' accounts to Revolut's business in Lithuania because its e-money licence will no longer be valid post Brexit.

Business • 01 Oct 20

Digital finance apps like Revolut and N26 are growing rapidly in Ireland - particularly among younger users

Rise of money apps threatens to undermine Irish banks

After many false dawns, it now appears as though real competition has arrived. The only catch is that you need to be comfortable having your bank branch on your phone rather than the high street.

Business • 07 Sep 20

Revolut said it saw "explosive" growth in spending on digital goods last month

Revolut reports 4% rise in spending in August

Daily consumer spending has risen on an annual basis for the first time since the Covid-19 pandemic sent the country into lockdown, Revolut's latest monthly spending figures reveal.

Business • 07 Sep 20

More than 40,000 young people here have signed up for a Revolut Junior account

Over 40,000 children sign up for Revolut Junior account

More than 40,000 young people in Ireland now have a Revolut Junior account, just four months after the product was launched here.

Business • 25 Aug 20

Revolut has more than one million customers in Ireland

Revolut offers instant euro-area bank transfers

Revolut's Irish customers can now send money in seconds to banks and financial institutions across Europe using new instant payment technology.

Business • 19 Aug 20