Wise vs Wix

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.

Wise launches 2026 Q2 Mission Update: Price

Wise reduced fees saving customers ~£23m per year as part of its mission to build the best way to move and manage money.

Revolut Wins US Bank Charter, Wise Rejected

The OCC granted Revolut a conditional US bank charter, while rejecting Wise's application earlier in July. This regulatory divergence signals a shift in how US authorities are assessing foreign fintechs. Revolut, with 80 million users, a proprietary AI model trained on 40 billion banking events, and $2.3 billion in pretax profit, gains a federal on-ramp into American banking. The approval is seen as a strategic advantage, particularly through its PRAGMA credit-risk model, which no US neobank can replicate or acquire. This event potentially marks the decline of the sponsor-bank model for major fintechs, as larger players may now pursue their own charters. The article also discusses Anthropic's move to build in-house payments infrastructure, citing its rapid revenue growth from $9B to $65B annualized in seven months, making off-the-shelf billing inadequate. This includes insights into AI-specific fraud challenges and Stripe's $7B+ counter-move with OpenRouter.

• The OCC approved Revolut's conditional US bank charter.
• The OCC rejected Wise's US bank charter application in July.
• Revolut has 80 million users and $2.3 billion in pretax profit.

Base44 Launches Base Code, Helping Teams Collaborate and Ship Faster

Base44, a Wix company, has launched Base Code, a new product aimed at helping teams collaborate and ship faster. This is the latest in a series of product launches and updates from Wix and its subsidiaries, including the integration of native Google Ads campaign management and the launch of Symphony by Wix.

Shopify launches Canvas AI site builder

Shopify has introduced Canvas, a new AI-powered site builder that lets merchants create and customize online stores through chat with its AI agent, Sidekick. Canvas renders changes in real time, showing the actual code and enabling full interactivity testing across screen sizes. It presents the store as a cohesive visual workspace, allowing merchants to view, edit, and develop pages without deep coding knowledge. Sidekick can directly access theme files, make coordinated changes, and validate its own work, having already handled over 25 million theme changes in H1 2026. Initially, Canvas lacks support for third-party themes, app blocks, and translations, and is desktop-only, but Shopify plans to expand its capabilities. The tool will roll out gradually, with the existing editor remaining for now, and aims to make e-commerce more accessible to non-coders.

• Shopify launched Canvas, an AI-powered site builder and design interface that lets merchants create stores via chat.
• Canvas uses Shopify's AI agent Sidekick to make real-time changes to the store's actual code and theme files.
• The initial version lacks third-party theme support, app blocks, translations, and is desktop-only.

Wix Investors Can Lead Securities Fraud Lawsuit by September 22

Rosen Law Firm and Robbins Geller Rudman & Dowd LLP remind investors who purchased Wix.com Ltd. (NASDAQ: WIX) securities between February 19, 2025 and May 12, 2026 of the September 22, 2026 lead plaintiff deadline in the class action lawsuit, Yappi v. Wix.com Ltd. The lawsuit alleges that Wix and certain executives made false or misleading statements about the competitiveness, performance, costs, and benefits of its AI products, including overstated commercial benefits and understated development and promotional costs. Events cited include the Q1 2025 earnings miss, the June 2025 acquisition of Base44, Q3 2025 earnings showing increased costs, analyst downgrades, and Q1 2026 earnings revealing business softness, causing significant stock declines. Investors with losses exceeding $100,000 may seek to lead the case.

• Lead plaintiff deadline is September 22, 2026.
• Class period: February 19, 2025 to May 12, 2026.
• Allegations include overstated AI product competitiveness and benefits, and understated development costs.