?? ???????? ????: Revolut is currently recruiting for the position of CEO of Revolut Canada ???? to lead its reentry into the Canadian market and potentially secure a ?????????????? ??????????????. According to a recruitment LinkedIn message received by multiple Canadian fintech executives and obtained by Global Fintech Insider, the London-based global neobank is looking for an executive interested in building something “from the ground up”. Half of the responsibilities listed in this message sent by a Revolut executive recruiter relate to regulations, a key indicator that Revolut is now likely seeking a bank charter in Canada. While the email could refer to other types of licenses, it’s likely that Revolut learned from its first attempt at cracking the Canadian market and now aims to control its offering through a banking license. Launched in beta in 2019, the Canadian Revolut card, a prepaid card issued by a partner bank, never got out of beta, and the product was shut down in 2021. Revolut’s potential interest in a Canadian banking license would align with recent comments from its CEO Nik Storonsky. Speaking to investors in Helsinki in November 2024, he said : "For a long time, I wanted to be as less regulated as possible, it was the completely wrong decision." Source/more info: Julien Brault - https://lnkd.in/dU_5TNft Find this helpful? [ ???????????? ] Anything to add about this subject? [?????????????? ???? ??????????????] Nice story, Marcel. Next! [ ???????? ]?
Thanks for sharing. It’s always fun to get a little scoop like that and even more fun to see the news spread.
Really like the quote in the end. For a long time indeed, a lot of (very smart) folks, including from within my (small) network, were advocating for a ‘no banking play’, mostly monolinr - be it lending, or payments or wealth. Less regulation, ‘lean’, flexible, focusing on crème de la crème instead of going broad… This realisation - that it is the banking license which allows you to capture full value, create customer trust and differentiate from other fintechs - came finally in the last 2-3 years (perhaps high IR were one of the triggers hehe).
I highly recommend???
Great opportunity for them
Amazing opportunity
Good Luck, guys!!!
Very insightful Marcel & Julien Brault !
I'm interested ))
Connecting the dots in FinTech...
1 天前?? ???????? ????: Revolut are setting up operations in South Africa - applying for a full banking license, advisors are Standard Bank: https://www.dhirubhai.net/posts/marcelvanoost_%F0%9D%99%85%F0%9D%99%90%F0%9D%99%8E%F0%9D%99%8F-%F0%9D%99%84%F0%9D%99%89-revolut-are-setting-up-activity-7304099783969824768-Sd9b?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAMqJSIBmDZ4BmXDzF9SPsyovuNVYjjxxwE?