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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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Anchorage Digital Bank to bring block trading to advisors

American Banker

The San Francisco technology company is partnering with Onramp Invest to offer registered investment experts tools for facilitating larger digital asset transactions.

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Banking startup Level enters the high-yield savings race

Bank Innovation

Level, a digital banking startup based in San Francisco Calif., The company, which launched its products nationally Wednesday, is coming into the market as fintech startups like Wealthfront, Betterment and Varo are touting high-yield savings accounts to vie for market share. is trying to hook customers with a 2.1%

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SME App Seed Gets Rid of Monthly Fee

Bank Innovation

EXLUSIVE – SME-focused digital bank Seed is nixing its monthly fee and will now be free for customers. The San Francisco-based fintech used to charge its customers $9 per month, but after conducting a survey, CEO Brian Merritt told Bank Innovation that he realized Seed could serve customers better by being free.

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Revolut Likely To Apply For US Bank Charter

PYMNTS

European digital bank Revolut , the continent's largest such institution with 13 million users, is close to applying for a U.S. digital banking license, according to a report by CNBC. Revolut's bank charter will be with California, but it will allow the bank to operate anywhere in the U.S.,

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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. the San Francisco-based online bank, had the last laugh. Varo is the first consumer FinTech to receive a new national bank charter from the U.S.

National 172
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UK Digital Bank Monzo Crosses Pond To US

PYMNTS

Digital bank Monzo, based in the United Kingdom, is crossing the pond. The company said it will be signing up consumers for its cards through the next few weeks at events slated to be held in cities including Los Angeles, New York and San Francisco. s FinTech-friendly regulatory environment.”.