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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 FinTech has since expanded to offer business banking.

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

PYMNTS

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

PYMNTS

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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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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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. ebankIT is an Omnichannel Banking software company that delivers the latest innovative solutions in financial technology. Dynamics, Inc. The post Fall In!

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The 2022 GonzoBanker Awards

Gonzobanker

Since taking the reins at MSUFCU in 2015, Clobes has more than doubled the size of the credit union, started a successful service organization (the Reseda Group), built an innovation center (The Lab), and started development of a new digital platform (Nextly). Steve McLaughlin from Financial Technology Partners’ Money 2020 party.

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The year in IBM FinTech

Insights on Business

Banking the unbanked in India”. Banks are not only about profits but also engage in social good to improve the world through financial empowerment. An example of this is India’s 2015 Digital India initiative. Eighteen million new bank accounts were opened in the first week of the program.

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