Revolut Launched GlobalHire in the UK
Hey FinTech Fanatic!
Revolut Business launched its latest new bet with its Employer of Record (EOR) service.
By enabling global hiring across 160 countries, Revolut is bypassing the need for local entities and moving directly into the territory held by Deel. The battle for the 'business OS' just leveled up.
Revolut proves with this move that global hiring is, at its core, a banking and compliance problem, giving FinTechs like them a natural home-field advantage.
“We want businesses globally to have access to the same resources to fuel hyper-growth as Revolut did. Launching GlobalHire is a major milestone in our mission to democratise access to global talent, ensuring that the best companies can hire the best talent, regardless of geography,” said Alex Codina, GM of Merchant Payments and GlobalHire at Revolut.
Established payroll players are now in a corner: they must either slash their FX fees or scramble to embed banking services to keep up with this HR-FinTech convergence.
The rest of the FinTech landscape is waiting below. Let’s get into the news.👇
Cheers,
POST OF THE DAY
🇧🇷 Real-time payments don’t just change speed. They change fraud.
This is what Brazil already learned the hard way:
INSIGHTS
📰 Making payments a profit centre with Ecommpay. In this whitepaper, Ecommpay highlights how payments can evolve from a cost centre into a profit driver, showing that smarter strategies, like improving authorisation rates, reducing false positives, and optimizing fees, can unlock significant savings and performance gains across the business. Download the new expanded edition here
Making Payment a Profit Centre
FINTECH NEWS
🇬🇧 Lovable Payments, powered by Paddle. Paddle has built the first native Merchant of Record integration inside Lovable, embedding payments directly into the AI development workflow so developers can go from prompt to monetization without manual setup. By handling billing, taxes, compliance, and transactions end-to-end, Paddle removes the need for complex payment infrastructure and enables builders to launch and start earning much faster.
🇺🇸 Banking and FinTech vet Derek White launches Primitive AI agent operating system. Primitive is building an end-to-end platform to help banks deploy AI agents at scale, combining tools for development, integration, and governance so institutions can move from fragmented pilots to fully compliant, production-ready AI systems.
PAYMENTS NEWS
➡️ Stablecoins are rebuilding the entire financial stack.
This map breaks it down into 4 clear layers 👇
🇬🇧 FinTech SumUp lines up banks for possible London IPO, with banks including Deutsche Bank, Goldman Sachs, Jefferies Financial Group, and JPMorgan Chase, though key details remain undecided; the move could boost London’s IPO market and reflects a broader trend of European listings despite recent volatility.
🇬🇧 Zeller launches in the UK to fight for fairer fees against FinTechs and legacy banks. Zeller Terminal is set to redefine market expectations around payment hardware, software, and affordability. UK merchants will save up to 35% annually on processing fees by switching to Zeller, equating to up to £5.2B annually across the market.
🇮🇹 Satispay adds dedicated business insurance coverage via REVO partnership. This move aims to make it easier for small and medium-sized businesses to comply with the new requirement introduced by the 2024 Budget Law, offering a simple and immediate solution.
🇻🇳 Grab expanded to the payment market in Vietnam in 2027. Grab introduced 13 new AI-powered features to enhance its superapp, including the Tap to Pay feature. This B2B solution enables merchants to turn smartphones into contactless POS terminals using NFC.
DIGITAL BANKING NEWS
🇬🇧 Allica Bank reported record 2025 results, with strong growth in profit, revenue, lending, deposits, and customers, marking its third consecutive year of profitability despite heavy investment in AI-driven technology. The bank is leveraging its AI platform to enhance SME lending and customer relationships, following a $155 million Series D raise.
🇬🇧 Revolut Business launches its latest new bet, GlobalHire, to accelerate international expansion for British businesses. By integrating Employer of Record (EoR) functionality, Revolut is taking the concept of embedded finance to a new operational frontier: international talent acquisition and compliance. Additionally, the company bets on Aussie SMEs as it pushes beyond travel cards. And it’s betting that gaps in the local banking system will be something it can fill, especially for SMEs.
🇪🇸 Trade Republic doubles its customers in Spain in eight months, reaching two million and surpassing Bankinter or N26. In addition to the new customer figure, Trade Republic has unveiled the implementation of a new customer service, available 24/7 and managed by real people, available by phone call and through chat.
🇬🇧 ClearBank delivers third consecutive year of UK profitability as revenue grows 34% and payment volumes jump 57%. This performance underlines the Group’s continued shift towards high-quality, recurring income streams that are less sensitive to interest rate movements.
BLOCKCHAIN/CRYPTO NEWS
🇺🇸 Crypto exchange Kraken confirms it has confidentially filed for an IPO, though timing remains uncertain after earlier delays due to market downturns, as CEO Arjun Sethi reaffirmed its plans. Read more
🌍 OKX rolls out X-Perps across Europe in regulated derivatives push. The company said the new derivatives product is available to retail and institutional traders across all 30 EEA countries. OKX said X-Perps offers five-year expiry crypto derivatives with up to 10x leverage and supports multi-asset collateral, including euros, US dollars, and crypto assets.
🇪🇺 EU adviser says ‘MiCA 2’ is likely as the crypto market matures. Peter Kerstens, a European Commission adviser, said the EU’s Markets in Crypto-Assets Regulation is likely to evolve as digital asset markets change, with the Commission planning a review and public consultation to assess its effectiveness and support for business growth.
PARTNERSHIPS
🌍 dLocal and National Exchange partner to power remittance payouts across Africa, APAC, and Latin America. Through this partnership, dLocal connects National Exchange to local payment infrastructure across 18 markets through a single integration, removing the need to manage multiple local providers or entities.
🌍 Nedbank and MasterCard link up for SADC payments. The deal spans SA, Zimbabwe, Namibia, Eswatini, Lesotho, and Mozambique, and aims to bring enhanced digital payment experiences to retail banking, small businesses, and merchant services.
🌍 MoneyGram partners with NALA to enable payouts across Africa and Asia using stablecoin settlements via NALA’s Rafiki infrastructure, improving speed and efficiency in cross-border payments. Continue reading
🇵🇭 GoTyme partners with DragonFi for the Stock Trading feature. GoTyme Bank has launched a new stock trading feature in its mobile app, allowing users to buy and sell shares listed on the Philippine Stock Exchange. The feature, called “PH Stocks,” is powered by DragonFi Securities and is now available to users.
🇦🇪 Adyen and Careem Pay partner to power digital remittances in the UAE. Through this partnership, Adyen will deliver an integrated payments infrastructure designed to enhance the performance, trust, and resilience of Careem Pay’s offerings and support its sustainable, long-term growth.
🇧🇭 Stc pay partners with GPS to power the next generation of digital payments in Bahrain. The partnership enables stc pay to enhance its card and digital payment services by leveraging GPS’s 20+ years of payment processing expertise. It will strengthen the reliability, scalability, and security of stc pay’s ecosystem, specifically supporting cards and digital payment transactions.
🇱🇰 Alipay+ teams with LankaPay to push LankaQR payments. These incentives are expected to increase tourist spending within Sri Lanka, according to a press release by Ant International. It is also expected to encourage micro and small merchants to adopt cross-border QR payment acceptance via LankaQR.
🇲🇾 AmBank enables Apple Pay for debit cardholders on PayNet Network. The move allows eligible domestic debit payments made through Apple Pay to remain on Malaysia’s local payment rails. PayNet operates the national MyDebit network. Read more
DONEDEAL FUNDING NEWS
💰 FinTech funding is up… but the number of deals is collapsing...
In Q1 2026, FinTech startups raised $𝟭𝟮 𝗕𝗜𝗟𝗟𝗜𝗢𝗡 globally 🤯 But across just 751 deals.
🇸🇪 SolvaPay raises €2.4M to build payment infrastructure for agentic commerce. The investment will support the scaling of SolvaPay’s payment infrastructure platform, enabling businesses to participate in the emerging agentic economy where AI agents transact autonomously.
🇺🇸 Nava raises $8.3 million in seed funding to keep AI financial agents from going off the rails. Backed by firms like Polychain and Archetype, Nava uses an escrow and verification system on blockchain to ensure AI actions match user intent, aiming to make autonomous payments safer and enable broader adoption.
🇬🇧 UK challenger Oxbury Bank expands British Business Bank Tier 2 capital funding to £35m. The funding will be used to further assist Oxbury in supporting small and medium-sized enterprises (SME) within the food and farming sector, and will enable these businesses to invest in land, automation, infrastructure, and storage.
M&A
🇺🇸 eToro acquires Zengo to expand self-custodial crypto capabilities. The deal supports eToro’s strategy to bridge traditional finance and crypto, enabling new use cases like tokenized assets and decentralized trading while reinforcing its long-term growth in digital finance.
MOVERS AND SHAKERS
🇰🇪 Cellulant hires ex-Xapo Bank executive Anthony Hernandez as COO. Hernandez will oversee onboarding, transaction processing, and customer growth, with a focus on reducing failures and improving how payments are tracked across markets. He brings more than 25 years of experience across financial services and FinTech.
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