Remitly vs Revolut

Remitly partners with Etsy to give sellers more choice in how they get paid globally

In Remitly's first partnership of its kind, new Etsy sellers in 15 countries will have the option to get paid locally via Remitly’s cross-border network. SEATTLE, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) today announced that it has partnered with Etsy (NYSE: ETSY) to ...

Remitly Launches en Español

Remitly launches a Spanish-language experience for its community, emphasizing 'Your money. Your language. Your people.'

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.