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FinTech Revolut’s Losses Triple As Customer Base Grows

PYMNTS

With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. The company posted a total loss of $139.6 million (£106.5

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

PYMNTS

Revolut is also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London, and a half dozen others. Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad.

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The 2022 GonzoBanker Awards

Gonzobanker

2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Goes to Blue Ridge Bank for bringing a ton of regulatory attention to the BaaS space. Goes to Tom Brown and the Second Curve Capital team for the inspiring message from Clemson CEO Jim Clements.

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3 Strategies Goldman Sachs can use to build a Fintech powerhouse

Lex Sokolin

There are, all of a sudden, a lot of deals being done across financial technology. Many of the companies being sold were started between 2005 and 2015. We have the world’s best investment bank and institutional capital markets business, but something doesn’t feel right. Maybe not all of a sudden. 1–5mm per client).

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Fall In! FinovateFall 2015 Presenting Companies Revealed

Fintech Labs Insights

To whet your appetite for two days of fintech innovation, we’re releasing the full and final lineup of presenting companies for FinovateFall 2015. Dealflow is building the largest channel for online capital formation. FinovateFall 2015 is sponsored by The Bancorp , Capital Source , Envestnet , FT Partners , and Hudson Cook.

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Canadian Fintech Market Map

CB Insights

Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. Qualifying top five venture capital investors (e.g. venture capital, growth equity, and super angel) and corporates (e.g. digital collectibles”). Capital markets.

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Fintech Unicorn List Q2 2015: 46 Arrived + 37 Closing In

Fintech Labs Insights

Time will tell whether these valuation bets are temporary insanity from private investors or the beginning of a long cycle of re-imagining financial services. Please note: Our list includes financial technology companies (either direct services or software) founded since 2000 and valued at $900 million or more. Digital banking.

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