Revolut’s investors have completed a secondary share sale that values the British fintech at $115 billion, 53% more than the price tag it had gained in another share sale a year ago, as the company prepares to launch a U.S. bank in 2027.
The online banking services for Revolut and Lloyds Bank are down for many users right now, with Revolut confirming it’s been hit by an outage that’s affecting “multiple services”.
Revolut is trialing a new facial recognition system in the UK that could be convenient but controversial, the company announced. The company says its Pay with Smile system is the UK’s first in-store facial recognition system and has no processing fees for merchants. It’s only being offered at select Kiss the Hippo coffee locations in…
British fintech Revolut confirmed that it disclosed sensitive customer information to an unauthorized third party after receiving fraudulent requests sent from a legitimate government agency email domain.
