Revolut vs Robinhood

Revolut plans dual US and UK listing, targeting $200 billion valuation

Revolut, the London-based neobank, is considering a dual stock market listing in New York and London, with co-founder and CEO Nik Storonsky revealing the plans in an interview with Les Echos. The company is targeting a valuation of up to $200 billion for its IPO, expected no earlier than 2028. Storonsky expressed a preference for the US market due to its larger investor pool, but aims to maintain a presence in London. This move follows similar actions by Wise, which moved its primary listing to New York. Revolut was last valued at $75 billion in a funding round, so the target valuation would require nearly tripling its value. The company's US expansion, including conditional approval for a US banking license, is seen as a key factor for the IPO's success. Revolut plans to invest around €2.3 billion annually in growth through 2030.

• Revolut is considering a dual listing in New York and London, targeting a valuation of up to $200 billion.
• The IPO is expected no earlier than 2028, with CEO Nik Storonsky preferring the US market.
• Revolut was last valued at $75 billion in a funding round.

Revolut Data Breach: Criminals Posed as Italian Police

British neobank Revolut fell victim to a sophisticated social engineering attack where criminals impersonated an Italian government authority to request customer data. Approximately 680 customers across various countries, including Germany, were affected, with data such as identity documents, contact details, and transaction histories exposed. A group named 'Iamnotavillain' claimed responsibility and demanded a $3 million ransom in Monero, but Revolut said it had no direct contact. Other groups made similar claims. The attackers exploited a compromised or cloned email account within Italy's certified PEC email system, which financial institutions are legally obliged to respond to. Revolut stated its own systems were not compromised and no customer funds were lost. The incident raises concerns about the trustworthiness of official email domains and the need for enhanced verification processes.

• Revolut suffered a data breach affecting about 680 customers, including Germans, via a fake government request.
• Criminals impersonated an Italian law enforcement agency using a compromised or cloned PEC email account.
• Exposed data included identity documents, contact details, addresses, and transaction histories, including Bitcoin transactions.

Revolut Applies for Swiss Banking License, Plans Local Banking Push

Revolut has applied to the Swiss Financial Market Supervisory Authority (FINMA) for a banking license, aiming to establish a standalone Swiss bank. The company, with over 1.3 million Swiss customers, plans to invest over 150 million Swiss francs over five years. A license would enable local services like Swiss IBANs, salary accounts, eBill, merchant payments, and eventually Pillar 3a retirement savings and TWINT integration. Currently, Swiss IBANs are backed by Lithuania-based Revolut Bank UAB using PostFinance infrastructure. This move adds to existing licenses in Lithuania and France. Additionally, Revolut is addressing a security incident where attackers used fake government requests to obtain customer data, including crypto users. The company states its systems and funds were not affected. The application is pending FINMA approval.

• Revolut applied to FINMA for a Swiss banking license.
• Revolut has over 1.3 million customers in Switzerland.
• Revolut plans to invest over 150 million Swiss francs in Switzerland over five years.

Robinhood's Abhishek Fatehpuria on winning the modern financial consumer at TechCrunch Disrupt 2026

Robinhood is evolving from a commission-free stock trading app into a comprehensive financial platform, offering banking, credit, crypto, retirement, prediction markets, and AI-powered trading tools. At TechCrunch Disrupt 2026, Abhishek Fatehpuria, VP of Product Management for Brokerage, will discuss how technology and changing consumer expectations are reshaping financial services. Key figures include 28.6 million funded customers, $384 billion in platform assets, $3 billion in banking deposits, and 4.7 billion prediction market contracts traded in August. Robinhood is also experimenting with AI-powered investing, such as Cortex and Agentic Trading, which has attracted nearly 100,000 accounts. The session aims to explore how the company is building trusted products at scale and expanding its role in customers' financial lives.

• Robinhood reported 28.6 million funded customers and $384 billion in total platform assets at the end of August 2026.
• Robinhood's banking product attracted over $3 billion in deposits, and its credit card business surpassed $100 million in annualized revenue in Q2.
• Prediction markets on Robinhood traded 4.7 billion event contracts in August 2026, up 15x year-over-year.

Robinhood Teams Up With Crypto.com and OG.com to Expand Access to Prediction Markets Ahead of A Busy Fall

Beginning Sept. 8, Robinhood will begin routing a selection of football event contracts to Crypto.com's prediction markets platform through ...

Nasdaq invests $100M in Kraken parent, targeting tokenized stocks by 2027

Nasdaq's venture capital arm has invested $100 million in Payward, the parent company of crypto exchange Kraken, to advance the development and launch of tokenized equities. The partnership aims to launch Nasdaq Equity Tokens (NETs) in the second quarter of 2027, with Nasdaq providing market surveillance technology across Payward's trading venues. The investment values Payward at $21 billion. This move reflects a broader trend on Wall Street toward tokenized securities, though debates persist about the nature of tokenized assets and shareholder rights, as highlighted by a recent dispute between Robinhood and AMC.

• Nasdaq's venture arm invested $100 million in Kraken parent Payward.
• Partnership aims to launch tokenized equities (Nasdaq Equity Tokens) in Q2 2027.
• Payward valuation set at $21 billion following the investment.