Revolut cashback

Fintech Revolut has launched an in-app cashback feature that customers can earn with by visiting their favourite retailers. The new ‘Shops’ service allows users to browse leading brand products on Revolut’s mobile app, including John Lewis, MyProtein, Boots and Co-op, Amazon, ASOS, Wish, Nike, Charlotte Tilbury and more, with the list a subject to change. As long as the customer completes the whole payment journey on the Revolut app itself and pays with their Revolut card, they will be rewarded with up to 3% ‘instant’ cashback when transacting at eligible merchants, regardless of their Revolut plan. The company stated that cashback on Revolut Shops is automatically applied at checkouts for all eligible purchases, which in contrast with other products can take up to 90 days. Shops can also be applied to items that are on sale, including promo codes.Christopher Guttridge, General Manager of Lifestyle Products at Revolut, said: “We’re delighted to add Shops to our superapp, giving our customers the opportunity to get more of what they love.“We’re proud to offer instant cashback, unlike other providers, which can take up to three months. As the cost of living rises, we are delivering ongoing product innovations aimed at meeting our customers’ everyday financial needs and aspirations, whilst giving them more financial control. Shops helps our customers get the most out of every penny with cashback rewards.”To access the feature, users can go on the Revolut app, select ‘Hub’ and then click on ‘Shops’. The app can be downloaded from Google Play or the Apple Store.

To maintain and use are scored the highest, while accounts with costly fees and few features are scored the lowest. Read the full Finder Score breakdown Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto.Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt.Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others.Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio Bethany's expertise Bethany has written 427 Finder guides across topics including: Personal finance Banking Auto loans Insurance Cryptocurrency and NFTs More guides on Finder Premium Checking Accounts Premium checking accounts offer better perks than standard checking accounts, but they usually have harder requirements. 5 Banks with Metal Debit Cards Banks that offer a metal debit card include Acorns, Step, Cash App, Revolut and Crypto.com. See the pros and cons of a metal debit card here. Chase new account bonuses We’ve rounded up Chase’s new account bonus offers and what you’ll need to qualify. Best interest-bearing checking accounts Earn a little interest without limiting your transactions. But don’t expect it to replace your high-interest savings account. 7 Best Cashback Debit Cards to Earn Rewards Varo is one of the best cashback debit cards to maximize rewards without fees. Other top rewards checking accounts include Axos, Upgrade and One Cash. Virtual Debit Cards Compare the top banks and fintechs that offer virtual card options and learn how to use them.

Aiming at creating a monolithic banking service, instead, it focuses on international expansion. Being located in the UK, Revolut also obtained a banking license in Lithuania from the European Central Bank in December 2018. This license permitted the company to accept deposits and offer consumer loans, but not to provide investment services. In September 2019, the company entered the Japanese market, and one month later, it started operations in the Singaporean market. In January 2022, Revolut started operating as a bank (instead of an electronic money institution) in Belgium, Finland, Denmark, Germany, Liechtenstein, the Netherlands, Spain, Sweden, and Iceland. On July 25, 2024, the company also secured a UK banking license, with restrictions from the Prudential Regulation Authority (PRA). Revolut now enters the so-called “mobilization stage” which is given for the new banks to build their operations. Even though Revolut has been operating in the USA since 2020 and applied for a banking license in 2021, it has not received it yet. The company is present in over 250 countries as an electronic money institution, with over 25 million customers.Embracing financial inclusionAlong with disrupting the financial landscape, Revolut was the first company of such a scale that allowed retail investors and early users to invest in the business in a crowdfunding campaign on Crowdcube in 2016. Earlier, retail investors and users could not invest in the equity of other valuable companies with European origins, such as Spotify. Another chance was given to retail investors when the company announced the second crowdfunding campaign on RepublicEurope (former Seedrs). These crowdfunding campaigns democratized high-growth startup investing by allowing everybody to participate in an opportunity that was normally reserved for high-tier investors only.In its efforts to make the investment space more accessible to retail investors, Revolut went further. It expanded its services by including bond trading for European customers and is planning to do the same for US customers. How Revolut impacts the crowdfunding ecosystemThe success of Revolut has had a significant impact on the entire startup crowdfunding ecosystem. Many startups now consider crowdfunding as a viable idea to get funding for their operations,

On August 16, 2024, Revolut confirmed a new $45 billion valuation which is a significant advancement compared to its $33 billion valuation in 2021. It means that the value of Revolut’s stakes increased by 40,000%, and some investors saw the paper value of their investments — holdings in private companies that can be sold only at the moment of exit event — boost to $1 million. How did Revolut make it so big and what steps did it take to become a fintech unicorn? Let’s dive into Revolut’s success story, fundraising rounds and development timeline.Revolut crowdfunding rounds and historyRevolut launched in July 2015 with a mission to offer a digital-first approach to financial services. In July 2016, the company partnered with Crowdcube to offer retail investors up to 2.4% of the company’s shares at a $40 million valuation. With 433 investors, Revolut raised over $1 million, with an average investment of £2,152. Now, those shares were worth approximately £860,000 considering the last Revolut’s valuation of $45 billion. In 2017, Revolut raised 3.8 million on Republic Europe — former Seedrs — from 3486 investors. Some of those backers could sell their shares on the secondary market provided by the platform. For now, the investment of those who kept their shares has generated an x100 income.These two crowdfunding campaigns on Seedrs and Crowdcube were not the only fundraising efforts of Revolut.In 2017, the company raised $66 million in a Series B round at a $350 million valuation with Index Ventures leading the round, and Balderton Capital and Ribbit Capital joining too. In 2018, Revolut raised $250 million in a Series C round at a $1.7 billion valuation — an x5 increase in one year — which makes Revolut one of the fastest tech companies in Europe to reach unicorn status. This round was led by Hong Kong-based DST Global, along with other investors including Index Ventures and Ribbit Capital. At that time, Revolut was processing $1.8 billion on a daily basis and had from 6,000 to 8,000 new customers signing up with the service every day.In 2020, the fintech startup raised $500

Million in a Series D round at a $5.5 billion valuation which turned Revolut into one of the highest-valued fintech companies in the world. The investment round was led by the US-based investor TCV, and a number of existing investors also participated. In 2021, Revolut topped $800 million in a Series E round at a $33 billion valuation. That new funding round brought on board two new investors: SoftBank Vision Fund and Tiger Global Management, with the previous investors also participating in funding the further Revolut expansion and development. Finally, in August 2024, the company upped its valuation from $33 billion to $45 billion after an employee share sale. The transaction involved the sale of $500 million worth of shares of Revolut employees. Nik Storonsky, Revolut’s founder and CEO, sold between $200 million and $300 million of his shares during the sale, accounting for about half of the $500 million in shares sold by employees. The shares were purchased on a secondary market by such investors as Coatue, D1 Capital Partners, Tiger Global, and some other investors such as Abu Dhabi’s sovereign wealth fund Mubadala. The last sale followed another important milestone for Revolut. On July 25, the fintech unicorn received its UK banking license with restrictions from the Prudential Regulation Authority (PRA), the regulator that is responsible for overseeing the UK banking sector. How Revolut became successfulRevolut has disrupted the finance industry by offering a digital-first approach to financial services. The service positions itself as a digital alternative to traditional banking and offers lower-cost currency exchange services with cheaper financial transactions. At the early stage of its development, Revolut offered a prepaid card and an application that allowed users to use various currencies without additional costs. By allowing people to convert currencies within the app, the service was able to attract thousands of users on a daily basis without the need to spend money on advertisements. Since then, the range of services has expanded. Now, among the new Revolut’s services, one can find the following: Multicurrency accountsCryptocurrency exchange Peer-to-peer paymentsTravel insurance servicesInternational transfersInterests on the account balanceRevolut is not

Flash on latest version 8.6.2. Everything works good till now. I found one bug. I can't install Revolut app. It say app is not compatible with my device. With 8.6.1 works perfectly. Any clue?! I tried to clean cache on google store and another methods, but fail... #18 Latest build change log please. And safety net without root???Selinux stataut??? #19 Hello! I did a clean flash on latest version 8.6.2. Everything works good till now. I found one bug. I can't install Revolut app. It say app is not compatible with my device. With 8.6.1 works perfectly. Any clue?! I tried to clean cache on google store and another methods, but fail... I used Migrate App to migrate Revolut from another Rom to 8.6.2 and Revolut behaves normal. I also just tried the recent update from Playstore. Latest build change log please. And safety net without root???Selinux stataut??? Less questionmarks please. SElinux disabled. #20 @Alisson1397 Is it possible to include an option for1. Picking the accent, based on the wallpaper?2. 'Clear/close all' option in 'Recents'? Similar threads