Will Revolut Become a Trillion-Dollar Company?
Hey FinTech Fanatic!
A few days ago, I asked you on LinkedIn a simple question: Will Revolut become a trillion-dollar company?
2,358 of you voted. 62% said yes. See the results below 👇
For context: only 16 companies in the world (across every sector) currently hold that title.
In a recent City AM interview, Alan Chang (one of the key figures of the Revolut Mafia) was asked about valuation targets.
His answer: "Any number between now and a trillion dollars is just a stepping stone."
But the poll did more than tally votes. It sparked a debate. And some of the responses were worth highlighting.
Ivan Zubarev, for one: “ The trillion-dollar question isn't valuation. It's whether Revolut can evolve from a successful FinTech into a global financial infrastructure company. Most category leaders reach scale. Very few become part of the infrastructure the entire industry depends on.”
Others like Dion Lisle were not so sure about it: "Net net, most $1T companies have atoms over bytes, but not all. I still say Revolut does NOT have a moat."
Scroll down to find out what else is shaping the FinTech industry. 👇See you tomorrow!
Cheers,
#FINTECHREPORT
📈 Visa reported its fastest revenue growth since 2022 in Q2 FY26, fueled by resilient consumer spending and strong transaction activity. The company generated $11.2 billion in revenue (+17% YoY), processed 66.1 billion transactions (+9% YoY), and saw cross-border payment volume rise 12%, highlighting the continued importance of global commerce as a key growth driver. Read the full article here
INSIGHTS
➡️ Limited expands the Gold Card experience with real-time controls and premium travel perks. Cardholders can track transactions instantly, receive spending alerts, access travel benefits such as airport lounges, use concierge services, and manage card settings directly from the app, while enjoying worldwide acceptance through the Visa network.
FINTECH NEWS
🇺🇸 eToro is exploring acquisitions amid a push into traditional banking services. CEO Yoni Assia said the company is evaluating multiple wealth-tech acquisitions and could eventually seek banking licences or acquire a bank, with a focus on payment services rather than traditional lending.
🇺🇸 Kalshi builds an AI agent to stress-test prediction market bets. Built on Anthropic’s Claude model, the agent helps analyse news, monitor competitors, recommend new market listings, test contract structures, and assist with market resolution decisions.
🇮🇳 Turtlemint FinTech IPO date, review, price, allotment details. Turtlemint has launched its IPO, with subscriptions open from June 19 to June 23, 2026. The offering includes a fresh issue of ₹660.72 crore, along with an offer for sale of up to 28.6 million shares.
Q&A
➡️ The Hidden FX Leaks in Cross-Border Revenue and How to Prevent Them. In this Q&A with Dor Golan, the CEO of Grain argues that FX remains one of the most overlooked sources of revenue leakage in cross-border commerce. He highlights how poor currency management can hurt conversion, pricing, and margins, and explains how embedded FX infrastructure can help businesses reduce friction, improve checkout experiences, and optimize global payments.
PAYMENTS NEWS
🇧🇷 Pix Automático completes one year, with 64% of new subscribers in the digital economy. According to EBANX, Pix Automático is helping millions of Brazilians without credit cards access subscription-based services for the first time, unlocking a new consumer segment for digital businesses.
🇨🇳 China tees up a digital payments system to compete with the dollar. The Beijing-backed mBridge project is moving closer to a commercial launch, aiming to enable faster and lower-cost cross-border payments using digital currencies. Read more
🌏 Ant Group is testing a new AI agent interface within Alipay that can complete tasks such as booking rides, ordering coffee, and purchasing investment products with user approval. The move reflects the growing shift toward agentic commerce as Alipay and rival WeChat race to make AI agents a core part of everyday digital experiences.
🇭🇺 Qvik and payment requests are available on Revolut, enabling instant account-to-account transfers, payment requests, and QR-code payments directly within the Revolut app. The addition strengthens Revolut’s local payments offering following the launch of its Hungarian branch and provides users with access to Hungary’s domestic instant payment infrastructure.
🇦🇺 AUDC to launch NZ dollar-backed stablecoin for faster trans-Tasman payments. Pegged 1:1 to the fiat currency, the digital asset is designed to facilitate real-time, 24/7 cross-border settlements, reducing processing times from several days to near-instant while addressing inefficiencies in the $30 billion Trans-Tasman trade corridor.
🇺🇸 Rain brings integrated loyalty to stablecoin card programmes. The Rewards feature means that any firm running a card programme on Rain can now launch fully branded rewards for their cardholders without standing up a separate loyalty vendor or building the infrastructure from scratch.
🇧🇧 Barbados launches BiMPay instant payment system, enabling real-time transactions nationwide. The new system enables real-time transfers 24 hours a day, seven days a week, including weekends and public holidays, eliminating delays that previously affected some interbank payments, which could take hours or even days to process.
DIGITAL BANKING NEWS
🇦🇺 Revolut launches Ultra plan in Australia for users. The new top-tier offering sits above Revolut's existing Plus, Premium and Metal tiers. It includes a platinum-plated debit card, travel benefits, subscription bundles, and access to investment products and is priced at AUD $99.99 per month or AUD $999 per year. Additionally, Revolut is preparing to offer Greek IBANs, a move that could strengthen its position as a primary banking provider in Greece.
🇰🇷 Korea's online-only banks have nearly 60 million customers as the focus shifts from scale to profitability. South Korea’s three leading digital banks, KakaoBank, K Bank, and Toss Bank, have surpassed 58 million customers, reflecting strong demand for mobile-first banking.
BLOCKCHAIN/CRYPTO NEWS
🇦🇺 OKX Australia launches OKX Pay, a wallet with stablecoin rewards. The product lets customers send and receive peer-to-peer transfers instantly and earn rewards on USDG balances held in the app. OKX Pay supports transactions in USDG, USDT, USDC, and the Australian dollar stablecoins AUDM and AUDF.
🇺🇸 Appeals court upholds FTX co-founder Sam Bankman-Fried’s fraud conviction. The appeals court said the evidence proved that Bankman-Fried reassured FTX customers while also transferring billions of dollars for his own use and falsifying business records to conceal transactions.
🇺🇸 Kraken has launched CFTC-regulated perpetual futures in the US, giving eligible clients domestic access on Kraken Pro alongside spot, margin, and CME-listed futures. Perpetual futures track an asset’s price with no expiry or settlement date, letting traders hold leveraged long or short crypto exposure indefinitely.
PARTNERSHIPS
🌍 ACI Worldwide and EPI to Power Instant Payments in Europe. Through this strategic collaboration, merchants and financial intermediaries across Europe will be able to offer Wero as a new payment method to consumers and businesses. Read more
🇺🇸 Payward accelerates development with OpenAI Codex. The AI-powered coding assistant helps teams review code, speed up releases, and support Payward’s broader strategy of integrating AI-driven experiences across its financial products.
🇲🇽 Anchorage Digital supports custody for tokenised CETES, Etherfuse's tokenised Mexican government debt on Stellar. The move expands Anchorage’s offering of tokenised real-world assets and strengthens its presence in Mexico and Latin America, giving institutions secure access to onchain sovereign debt instruments.
DONEDEAL FUNDING NEWS
🇲🇽 Clip raises $500M. Clip will use the funding to support the wallet’s rollout and expand its financial services platform. The round remains subject to regulatory approval, and the company has not disclosed the participating investors. Read on
🇩🇪 Trustap raises £7.4m to build infrastructure for agentic commerce. The investment round will fund continued product development of its marketplace and e-commerce platform, team expansion and the launch of Trustap Index. Continue reading
🇮🇪 Nestifi secures almost half of a $2m raise to expand its AI-powered platform that helps families invest for children through banks, credit unions, and wealth managers. The Irish FinTech aims to strengthen financial literacy and help financial institutions engage younger generations as competition from digital players increases.
🇮🇳 Razorpay confidentially files IPO papers with SEBI; the issue size is likely to be around $600 million. The filing follows Razorpay’s expansion beyond payments into banking, payroll, and lending services. Reports indicate the company generated strong revenue growth in FY25.
🇺🇸 AI FinTech startup Waniwani raises $8 million. Waniwani has launched an open-source SDK that enables insurers, lenders, software providers, and other quote-based businesses to distribute products directly through AI platforms. Read more
🇺🇸 Interchecks raises $50 million in Series C to expand its real-time payments platform. The new capital is expected to support product development, technology investments, and team expansion as Interchecks continues to scale its instant payments platform.
🌎 Paradigm leads a $9 million round in LatAm payments app El Dorado. The company is building payment infrastructure for underserved cross-border corridors across Latin America, targeting a market that founders estimate handles hundreds of billions of dollars in annual flows.
M&A
🌍 Nuvei to acquire Payoneer for $2.75 billion, creating a leading global platform for local and cross-border commerce. Under the terms of the agreement, Nuvei will acquire all of the issued and outstanding shares of common stock of Payoneer Global Inc. for $7.40 per share in cash, representing a total transaction equity value of approximately $2.75 billion.
🇺🇸 Tripadvisor agrees to sell TheFork to American Express for $700 million. The transaction allows Tripadvisor to sharpen its focus on its Experiences business, while American Express strengthens its presence in dining and lifestyle services across Europe.
MOVERS AND SHAKERS
🇺🇸 Fiserv announces a leadership transition: Takis Georgakopoulos has been appointed Chief Executive Officer and a member of the Board of Directors. Mr. Georgakopoulos will continue to focus on delivering best-in-class technology across the enterprise and remain closely engaged with the Merchant Solutions business to drive positive client outcomes.
🇷🇴 Raluca Micu is the new CEO of NETOPIA Payments. In her new role, she will oversee the company’s operations to accelerate business growth through product innovation further and consolidate NETOPIA Payments’ position as an essential infrastructure for digital payments in Romania.
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