News Heat Trend
Project Overview
Revolut is building a convenient, seamless, borderless financial app that simplifies finance-related operations and removes the barriers that prevent users from achieving their financial goals.
S&P Grants Revolut BBB+ Rating for the First Time, Expects Bond Issuance Next Year
Odaily reports: S&P Global Ratings released a report on Thursday, assigning UK digital bank Revolut a BBB+ investment-grade rating for the first time, and expects the company to issue senior unsecured bonds in 2027 to build a debt buffer capable of absorbing potential losses and meeting regulatory requirements. The report noted that Revolut's balance sheet has exceeded £40 billion (approximately $53.5 billion); should the bank fail, the Bank of England could push for a restructuring in which investors would bear corresponding losses.S&P expects that as Revolut expands its unsecured retail lending business and launches mortgage products, its loan portfolio will double in 2027 and double again in 2028. S&P believes that Revolut has a strong consumer brand, a scalable technology platform, and increasingly diversified products, but its share of primary banking relationships remains lower than that of traditional banks, and rapid global expansion could also exacerbate operational complexity and compliance risks. BBB+ is among the lower tiers of S&P's investment-grade ratings. (Bloomberg)
Revolut valued at $115 billion, ranks among Europe's most valuable startups
According to Reuters, Revolut has become Europe's most valuable startup, with a current private market valuation of $115 billion, surpassing UK-based Barclays and France's Société Générale. In 2025, it recorded a pre-tax profit of £1.7 billion (around $2.2 billion), reflecting rapid year-on-year growth. The company currently serves 80 million customers and is actively expanding into markets such as Mexico and Australia while continuously securing new licenses. However, Revolut continues to face several challenges: revenue per customer remains well below that of traditional banks, and its lending portfolio is comparatively small (with a loan-to-deposit ratio of just 6%, far below HSBC's 55%); it faces stiff competition in the United States; moreover, it was previously penalized by Lithuanian authorities for anti-money laundering violations and recently suffered a customer data breach. Analysts emphasize that boosting primary account usage and scaling its lending business will be the central focus for Revolut's next phase.
AI anti-fraud company Socure completes $156 million funding round, led by Summit Partners
: AI anti-fraud company Socure announced the completion of a $156 million strategic growth funding round, valuing the company at $5.2 billion. The round was led by Summit Partners, with participation from Wells Fargo, Goldman Sachs Alternatives (under Goldman Sachs), DocuSign, and others. In addition, the company also announced the acquisition of AI startup Fravity, aiming to leverage AI agents for fraud, risk, and compliance investigations. The specific acquisition amount has not been disclosed yet. Its anti-fraud services are currently applied to companies including crypto exchange Coinbase, stablecoin issuer Circle, digital bank Revolut, and Robinhood. (Crunchbase)
Revolut Secures French Banking License, Its Second Full EU Banking License
Odaily News: Fintech and crypto-friendly bank Revolut has announced that it has obtained a full banking license in France, marking its second full EU banking license after Lithuania. The license was granted following a joint review by the French Prudential Supervision and Resolution Authority (ACPR) and the European Central Bank, and was approved by the ECB's Governing Council. With this license, Revolut Bank S.A. can now offer a wider range of banking services in France, including loans, mortgages, and regulated savings products.France is Revolut's core market in Western Europe. Previously, the company conducted payment and financial services there under its Lithuanian license. Moving forward, it will gradually migrate its French operations to a local French entity and further expand into Germany, Ireland, Italy, Portugal, and Spain. Revolut stated that it has invested over EUR 1 billion in Western Europe in recent years, creating more than 600 new jobs, and plans to establish its Western European headquarters in Paris by 2027.The license comes with regulatory conditions. The European Central Bank may impose product restrictions on Revolut's new French operations. Drawing on the regulatory requirements previously applied to its Lithuanian entity, the rollout of loan and savings products could be subject to pacing constraints. This year, Revolut has continued to achieve regulatory breakthroughs globally, securing a UK banking license in March and an Australian banking license in July. The company's business now spans 40 markets, and its valuation stood at USD 115 billion following secondary stock trading in 2026. (Techfundingnews)
Index Ventures 完成 20 亿美元新一轮募资，押注 AI 驱动下一代科技公司
据 Sifted 报道，欧洲知名风险投资机构 Index Ventures 于近日宣布完成 20 亿美元新一轮募资，旗下可投资资产总规模由此增至 35 亿美元。本轮募资由三部分构成：4 亿美元种子基金、9 亿美元早期风险基金，以及向现有成长期基金追加的 7 亿美元（该基金规模由 15 亿美元扩大至 22 亿美元）。 Index Ventures 表示，新资金将持续支持创始人"从首轮融资到上市乃至更远"，覆盖欧洲、以色列及美国市场。此次募资背景下，AI 是其核心押注方向，该机构已相继投资 Mistral、Cohere 及前 DeepMind 研究员 David Silver 创立的 Ineffable Intelligence。此前，Index 投资组合中的 Wiz 以320 亿美元被谷歌收购、Figma 完成 IPO、Revolut 完成二级市场股份出售（估值达 1150 亿美元），均为本轮募资提供了有力背书。
Revolut valued at $115 billion, becomes Europe's most valuable private company
Odaily Odaily News Fintech company Revolut has reached a valuation of $115 billion in a secondary stock sale for employees, making it the most valuable private company in Europe. Revolut disclosed a pre-tax profit of $2.3 billion and revenue of $6 billion for 2025. Its main app allows users to trade over 200 crypto tokens, transfer assets to external wallets, and stake holdings. The company also operates a standalone crypto exchange, Revolut X. Revolut recently secured a full UK banking license and is seeking a US national banking license. The company's IPO valuation target is $200 billion.
Revolut seeks digital banking license in the Philippines, currently in discussions with the local central bank
According to Crowdfund Insider, UK fintech Revolut is actively negotiating with the Philippine Central Bank (BSP) regarding an application for a local digital banking license. BSP Deputy Governor Lyn I. Javier stated that while discussions are ongoing, whether Revolut ultimately enters the Philippine market depends on its ability to meet regulatory requirements. Revolut must undergo assessment by the central bank and satisfy the relevant requirements for foreign banks to establish operations locally, with the specific timeline contingent on the company's compliance readiness.
S&P Grants Revolut BBB+ Rating for the First Time, Expects Bond Issuance Next Year
Odaily reports: S&P Global Ratings released a report on Thursday, assigning UK digital bank Revolut a BBB+ investment-grade rating for the first time, and expects the company to issue senior unsecured bonds in 2027 to build a debt buffer capable of absorbing potential losses and meeting regulatory requirements. The report noted that Revolut's balance sheet has exceeded £40 billion (approximately $53.5 billion); should the bank fail, the Bank of England could push for a restructuring in which investors would bear corresponding losses.S&P expects that as Revolut expands its unsecured retail lending business and launches mortgage products, its loan portfolio will double in 2027 and double again in 2028. S&P believes that Revolut has a strong consumer brand, a scalable technology platform, and increasingly diversified products, but its share of primary banking relationships remains lower than that of traditional banks, and rapid global expansion could also exacerbate operational complexity and compliance risks. BBB+ is among the lower tiers of S&P's investment-grade ratings. (Bloomberg)
UK Revolut Services Down for Over 10 Hours, 23 Services Still Partially Unavailable
Bitcoin News posted on X that most of Revolut's services in the UK have still not been restored more than 10 hours after the outage began. The official status page shows that 23 services are partially unavailable, including card payments, bank transfers, ATM withdrawals, currency exchange, crypto trading, stock trading, and account access. The outage has also affected commercial banking services, merchant payments, identity verification, and authentication. Revolut said it is investigating the incident and working on a fix, but has not yet estimated when all services will be fully restored.
Revolut Obtains Gibraltar DLT Service Provider License to Expand International Crypto Business
According to FX News Group, the UK digital bank Revolut’s new entity, Revolut Global Digital Assets Limited (RGDAL), has obtained a Distributed Ledger Technology (DLT) service provider license from the Gibraltar Financial Services Commission (GFSC). Revolut stated that this license will be used to support its international crypto business in key expansion markets. The company currently provides crypto services in the UK through Revolut Ltd and conducts related operations in the European Economic Area under MiCA via Revolut Digital Assets Europe Ltd.
Revolut valued at $115 billion, ranks among Europe's most valuable startups
According to Reuters, Revolut has become Europe's most valuable startup, with a current private market valuation of $115 billion, surpassing UK-based Barclays and France's Société Générale. In 2025, it recorded a pre-tax profit of £1.7 billion (around $2.2 billion), reflecting rapid year-on-year growth. The company currently serves 80 million customers and is actively expanding into markets such as Mexico and Australia while continuously securing new licenses. However, Revolut continues to face several challenges: revenue per customer remains well below that of traditional banks, and its lending portfolio is comparatively small (with a loan-to-deposit ratio of just 6%, far below HSBC's 55%); it faces stiff competition in the United States; moreover, it was previously penalized by Lithuanian authorities for anti-money laundering violations and recently suffered a customer data breach. Analysts emphasize that boosting primary account usage and scaling its lending business will be the central focus for Revolut's next phase.
Revolut Receives Approval from Argentina's Central Bank to Acquire Banco Cetelem, Will Obtain Local Banking License
Odaily News: Digital bank Revolut has announced that it has received approval from the Central Bank of Argentina to acquire Banco Cetelem Argentina, a subsidiary of BNP Paribas. Upon completion of the transaction, the institution will be renamed Revolut Bank Argentina S.A.U. and operate as a licensed bank, but will not initially offer products or services to the public, and will officially launch local operations after completing remaining regulatory and operational requirements. Revolut stated that more than 150,000 people have already joined the waitlist for its Argentina business. (Crowdfundinsider)
Glassnode: Approximately 6.26 million BTC are held in addresses with revealed public keys, accounting for 31.2% of the supply.
According to Rafael (@n3ocortex), co-founder of the on-chain analytics platform Glassnode, public keys for approximately 6.26M BTC (31.2% of total supply) are now publicly visible on-chain, marking a further rise from 24.8% in early 2021 and returning to 2016 levels. Specifically, address reuse has led to the exposure of public keys for 4.33M BTC, with an additional 1.71M BTC exposed due to P2PK script types (including 1.10M BTC attributed to Satoshi Nakamoto), and 222K BTC exposed via Taproot addresses. At the institutional level, exchanges collectively hold 1.79M BTC with visible public keys, with exposure rates varying significantly across platforms: 10% for Coinbase, 83% for Binance, and 100% for Bitfinex; 49% for Grayscale, 99% for Revolut, and 100% for Robinhood. Fidelity accounts for just 2%, while the exposure rate for holdings by the US, UK, and Salvadoran governments remains at 0%.
Revolut Announces USDT Delisting by End of August, Strengthening Signal of European Compliance Tightening
Odaily Planet Daily reports that digital bank and fintech platform Revolut has notified some users that it will officially delist the dollar stablecoin Tether (USDT) after August 31, 2026, and will automatically convert users' remaining holdings into their base fiat currency at the exchange rate of that day.According to the official notice, Revolut will suspend USDT purchase services starting July 6, and will halt USDT deposits after July 30, at which point any incoming USDT transfers will be directly rejected.If users have not sold or withdrawn their USDT by the end of August, their holdings will be automatically converted by the system into the account's base currency. The company attributes this adjustment to "regulatory and risk-related considerations," but has not specified the exact regulatory framework triggering the move.This move reflects the trend of fintech platforms continuously tightening the scope of access to related assets amid the changing global regulatory environment for stablecoins. Previously, trading platforms including Coinbase have delisted USDT in the European market to comply with the EU's MiCA regulatory framework.Currently, Revolut has not clarified whether this policy applies to all regions, but the company has obtained an EU Crypto Asset Service Provider (CASP) license, indicating it is strengthening its compliance-oriented product structure adjustments. (Cointelegraph)
Revolut Responds to Multiple Extortion Attempts: No Direct Contact Received, Italian Authorities Have Intervened
Odaily News: Following a customer data breach at Revolut, multiple hacker groups have publicly demanded ransom. A group calling itself "IAmNotAVillain" demanded that Revolut pay 6,000 Monero (XMR, approximately $3 million) within 24 hours, or it would sell customer data to other criminal organizations; another group, "Revolut Smilik," had earlier demanded 10,000 Bitcoin (approximately $780 million).In response, a Revolut spokesperson stated that the company has not received any direct contact or extortion demands from any of the aforementioned individuals or organizations. Meanwhile, Italy's Anti-Mafia and Anti-Terrorism Directorate has launched an investigation, with Italian prosecutors investigating unauthorized access to government computer systems, and Italy's privacy regulator has also asked banks to urgently review the security of their access systems. (Cointelegraph)
Revolut Hit by Ransom Attack: Hackers Demand 3 Million Monero or Threaten to Leak Data
The hacker group "iamnotavillain" attacked Revolut and demanded 6,000 Monero as ransom, threatening to sell the data of at least 680 customers to the black market if the payment is not made.
Italian authorities investigate government email security incident linked to Revolut customer data breach
Odaily reports: Italian cybercrime police are investigating a government email security incident linked to a Revolut customer data breach, involving suspected unauthorized access to computer systems and computer fraud.The accounts involved are said to belong to Italy's Certified Email System (PEC). Revolut did not confirm which government agency the compromised accounts belonged to, but said it has reported the incident to Italian authorities and that its systems, databases, and customer funds were not affected.Italy's CERT-AGID cybersecurity agency warned in June that PEC only certifies email delivery and does not guarantee the security of email contents. The agency said it has handled over 650 cases of abused or illegal PEC accounts since the beginning of 2026. (Cointelegraph)
S&P Grants Revolut BBB+ Rating for the First Time, Expects Bond Issuance Next Year
Odaily reports: S&P Global Ratings released a report on Thursday, assigning UK digital bank Revolut a BBB+ investment-grade rating for the first time, and expects the company to issue senior unsecured bonds in 2027 to build a debt buffer capable of absorbing potential losses and meeting regulatory requirements. The report noted that Revolut's balance sheet has exceeded £40 billion (approximately $53.5 billion); should the bank fail, the Bank of England could push for a restructuring in which investors would bear corresponding losses.S&P expects that as Revolut expands its unsecured retail lending business and launches mortgage products, its loan portfolio will double in 2027 and double again in 2028. S&P believes that Revolut has a strong consumer brand, a scalable technology platform, and increasingly diversified products, but its share of primary banking relationships remains lower than that of traditional banks, and rapid global expansion could also exacerbate operational complexity and compliance risks. BBB+ is among the lower tiers of S&P's investment-grade ratings. (Bloomberg)
Revolut experiences a major service outage, affecting both its app and in-store card payments.
According to The Independent, UK digital bank Revolut experienced a widespread service outage on October 20, disrupting both mobile app access and card payments at physical retail locations. In a post on X, Revolut stated that multiple features are currently experiencing service disruptions and some services may be inaccessible, while its engineering team is working urgently to restore operations and has apologized to users. On social media, individuals across the UK, France, and Spain reported being unable to process payments or transfers. As of the time of publication, Revolut's official system status page still displayed "all systems operational," and it remains unclear whether the outage affected all users.
Revolut Obtains Gibraltar DLT Service Provider License to Expand International Crypto Business
According to FX News Group, the UK digital bank Revolut’s new entity, Revolut Global Digital Assets Limited (RGDAL), has obtained a Distributed Ledger Technology (DLT) service provider license from the Gibraltar Financial Services Commission (GFSC). Revolut stated that this license will be used to support its international crypto business in key expansion markets. The company currently provides crypto services in the UK through Revolut Ltd and conducts related operations in the European Economic Area under MiCA via Revolut Digital Assets Europe Ltd.
Revolut rolls out euro stablecoin EURR in phases, ECB emphasizes privacy protection for digital euro
Odaily News The digital euro, issued by the European Central Bank (ECB) and representing public money, is still in the development stage; EURR, on the other hand, is a stablecoin issued by a private institution designed to maintain a value of 1 euro. Both are aimed at meeting the demand for instant fund transfers within digital platforms.Fintech company Revolut has begun a phased rollout of its euro stablecoin EURR to eligible users in Denmark, Poland, and Portugal, with plans to expand to the European Economic Area in the future. EURR is deployed on the Ethereum network and can be used for on-chain transfers between fiat currencies, crypto assets, external wallets, and supported blockchain networks.EURR is issued by Bridge Building, a Stripe-owned company, rather than directly by Revolut. Piero Cipollone, a member of the ECB's Executive Board, stated that the digital euro will offer the highest level of privacy supported by current technology, with offline payments visible only to the payer and payee, while in online transactions, participating banks will still have access to information required for anti-money laundering compliance. (Forbes Digital Assets)
Revolut Secures French Banking License, Its Second Full EU Banking License
Odaily News: Fintech and crypto-friendly bank Revolut has announced that it has obtained a full banking license in France, marking its second full EU banking license after Lithuania. The license was granted following a joint review by the French Prudential Supervision and Resolution Authority (ACPR) and the European Central Bank, and was approved by the ECB's Governing Council. With this license, Revolut Bank S.A. can now offer a wider range of banking services in France, including loans, mortgages, and regulated savings products.France is Revolut's core market in Western Europe. Previously, the company conducted payment and financial services there under its Lithuanian license. Moving forward, it will gradually migrate its French operations to a local French entity and further expand into Germany, Ireland, Italy, Portugal, and Spain. Revolut stated that it has invested over EUR 1 billion in Western Europe in recent years, creating more than 600 new jobs, and plans to establish its Western European headquarters in Paris by 2027.The license comes with regulatory conditions. The European Central Bank may impose product restrictions on Revolut's new French operations. Drawing on the regulatory requirements previously applied to its Lithuanian entity, the rollout of loan and savings products could be subject to pacing constraints. This year, Revolut has continued to achieve regulatory breakthroughs globally, securing a UK banking license in March and an Australian banking license in July. The company's business now spans 40 markets, and its valuation stood at USD 115 billion following secondary stock trading in 2026. (Techfundingnews)
Ground COO: DeFi is Losing Its Way, Yield Wars Overlook Users' Real Needs
Odaily News, Ground COO Stephanie Vaughan stated that the current DeFi industry is陷入 a "yield war," but market participants are more focused on securing distribution access to fintech platforms, overlooking the real problems users need to solve.She pointed out that Robinhood, Coinbase, Revolut, and Kraken are competing for user funds, while protocols such as Aave, Morpho, and Ethena are competing to become the infrastructure for lending strategies. Vault service providers and risk management institutions are also competing around fintech platforms. However, this model does not establish DeFi's own user relationships—it merely fights for the opportunity to be selected by platforms.Stephanie believes that the current market is signaling that DeFi products have near-zero pricing power. Much of the yield comes from subsidies provided by platforms, Vault service providers, strategy providers, or underlying protocols, rather than genuine demand created by the products themselves. This is more like paying "shelf fees" than achieving true distribution capabilities.She further noted that some multi-strategy Vaults suffer from issues such as idle capital, deployment delays, and slow governance processes, resulting in a gap between the actual returns users receive and the advertised APY. In contrast, traditional financial products like money market funds can put capital to work immediately.Stephanie stated that with declining L2 costs and maturing cross-chain infrastructure, the chain itself is no longer a core competitive advantage. In the future, DeFi should build products closer to personal execution environments, driven by user needs. She believes the competitive focus should shift from shared Vaults to infrastructure like MPC wallets, allowing users to retain control over strategies while platforms handle execution and streamline processes.
Related news
Revolut seeks digital banking license in the Philippines, currently in discussions with the local central bank
According to Crowdfund Insider, UK fintech Revolut is actively negotiating with the Philippine Central Bank (BSP) regarding an application for a local digital banking license. BSP Deputy Governor Lyn I. Javier stated that while discussions are ongoing, whether Revolut ultimately enters the Philippine market depends on its ability to meet regulatory requirements. Revolut must undergo assessment by the central bank and satisfy the relevant requirements for foreign banks to establish operations locally, with the specific timeline contingent on the company's compliance readiness.
S&P Grants Revolut BBB+ Rating for the First Time, Expects Bond Issuance Next Year
Odaily reports: S&P Global Ratings released a report on Thursday, assigning UK digital bank Revolut a BBB+ investment-grade rating for the first time, and expects the company to issue senior unsecured bonds in 2027 to build a debt buffer capable of absorbing potential losses and meeting regulatory requirements. The report noted that Revolut's balance sheet has exceeded £40 billion (approximately $53.5 billion); should the bank fail, the Bank of England could push for a restructuring in which investors would bear corresponding losses.S&P expects that as Revolut expands its unsecured retail lending business and launches mortgage products, its loan portfolio will double in 2027 and double again in 2028. S&P believes that Revolut has a strong consumer brand, a scalable technology platform, and increasingly diversified products, but its share of primary banking relationships remains lower than that of traditional banks, and rapid global expansion could also exacerbate operational complexity and compliance risks. BBB+ is among the lower tiers of S&P's investment-grade ratings. (Bloomberg)
UK Revolut Services Down for Over 10 Hours, 23 Services Still Partially Unavailable
Bitcoin News posted on X that most of Revolut's services in the UK have still not been restored more than 10 hours after the outage began. The official status page shows that 23 services are partially unavailable, including card payments, bank transfers, ATM withdrawals, currency exchange, crypto trading, stock trading, and account access. The outage has also affected commercial banking services, merchant payments, identity verification, and authentication. Revolut said it is investigating the incident and working on a fix, but has not yet estimated when all services will be fully restored.
Revolut: Multiple services experiencing outages, user funds and data secure
Revolut posted on X platform stating that it is currently experiencing a service outage affecting multiple services. The company confirmed that all customer funds and data are secure.Revolut stated that since the issue was discovered this morning, the team has been working on a fix, and it apologizes to affected users for the inconvenience caused.
Revolut experiences a major service outage, affecting both its app and in-store card payments.
According to The Independent, UK digital bank Revolut experienced a widespread service outage on October 20, disrupting both mobile app access and card payments at physical retail locations. In a post on X, Revolut stated that multiple features are currently experiencing service disruptions and some services may be inaccessible, while its engineering team is working urgently to restore operations and has apologized to users. On social media, individuals across the UK, France, and Spain reported being unable to process payments or transfers. As of the time of publication, Revolut's official system status page still displayed "all systems operational," and it remains unclear whether the outage affected all users.
Revolut Obtains Gibraltar DLT Service Provider License to Expand International Crypto Business
According to FX News Group, the UK digital bank Revolut’s new entity, Revolut Global Digital Assets Limited (RGDAL), has obtained a Distributed Ledger Technology (DLT) service provider license from the Gibraltar Financial Services Commission (GFSC). Revolut stated that this license will be used to support its international crypto business in key expansion markets. The company currently provides crypto services in the UK through Revolut Ltd and conducts related operations in the European Economic Area under MiCA via Revolut Digital Assets Europe Ltd.