Revolut hits 50M users milestone, secures UK trading license in major growth push 🚀🏦; Robinhood's $300M TradePMR acquisition signals a huge push into wealth management 😳💸

FinTech is Eating the World, 19 November

Hey Everyone,

Good morning & happy Wednesday! Today’s issue is super hot as we’re going to take a closer look at two giants and leaders in their fields 😎 First up is Revolut which just hit the 50M users milestone and secured UK trading license in major growth push (what it’s all about, why it matters & what’s next for Revolut + a deep dive into its biggest global competitor), and then there’s Robinhood whose $300M TradePMR acquisition signals a huge push into wealth management (why it matters & what’s next for Robinhood + bonus deep dive into their latest financials AND 5 M&A templates that can save you billions). So let’s just jump straight into the fascinating stuff 🌶️

Revolut hits 50M users milestone, secures UK trading license in major growth push 🚀🏦

The news 🗞️ In a series of major developments, UK-based FinTech giant Revolut has achieved significant milestones strengthening its position in the global financial services landscape.

The company has reached 50 million customers worldwide, with 10 million based in the UK, while simultaneously securing a crucial UK trading license from the Financial Conduct Authority (FCA).

Let’s take a closer look at this, see why it matters, and what’s next for Revolut.