Tag: Revolut
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Revolut rolls out first AI assistant to UK customers
Revolut is today rolling out its first AI-powered financial assistant to its 13 million-plus UK customers, claiming it is more sophisticated than a traditional chatbot, saying it represents afundamental shift in how customers can interact with their finances. Revolut, valued at $75bn, is the latest challenger bank to leverage AI, hoping to simplify the financial read more
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Revolut wins full UK banking licence, as finally exits mobilisation phase
Revolut has been awarded a full UK banking licence, after regulators lifted restrictions on the UK challenger bank, which had lasted for an extended time. Revolut, valued at $75bn,today said it had received regulatory approval from the Bank of England’s Prudential Regulation Authority (PRA) to exit the mobilisation phase, and launch as a bank in read more
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Revolut makes fresh bid for US banking licence
Revolut is making a fresh attempt to secure a US banking licence, it said today, as itscaled up its ambitions on the US market. Revolut, valued at $75bn, hailed the filingfor the US bank charter with theUS Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation as a “major milestone”. It comes read more
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TaxNova gets backing from a16z’s accelerator and Revolut and Miro operators
A London-based startup that automates R&D tax credits for tech companies has emerged out of stealth, with $1m in pre-seed funding, including backing from Andreessen Horowitz’s (a16z’s) accelerator. TaxNova has raised funding from a16z’s accelerator, a16z speedrun, early-stage angel fund, s16vc, accelerator Karaoke Club, and more than 20 CTO and CFO operators and investors from read more
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ElevenLabs and Revolut backer launches $15M solo GP fund
An angel investor in UK AI unicorn ElevenLabs and Revolut has launcheda $15m solo GP fund to back pre-seed and seedstage founders building startups across AI, robotics, and defence. Carles Reina has launchedBaobab Ventures,an “oversubscribed”fund backed by institutional LPs Cendana Capital, Isomer Capital, RSJ Investments,Emergence Ventures, and Cyber Fund. Partners from Concept Ventures, Credo Ventures, read more
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Revolut valued at $75BN, with Nvidia and A16z joining investor roster
Revolut has been valued at $75bn, following a secondary share sale, which saw Nvidia andUS blue-chip VC firm Andreessen Horowitz invest in Europe’s most valuable private tech firm for the first time. The round was led by Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company with participation from NVentures, Nvidia’s venture capital arm, and read more
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