The U.K. fintech has approached multiple Canadian fintech executives about applying for the Canada CEO position, Global Fintech Insider reported. The CEO’s responsibilities will include seeking regulatory licences and growing the business in Canada, a market it exited in 2021. Revolut did not respond to a request for comment. (Global Fintech Insider)
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The U.K. fintech has approached multiple Canadian fintech executives about applying for the Canada CEO position, Global Fintech Insider reported. The CEO’s responsibilities will include seeking regulatory licences and growing the business in Canada, a market it exited in 2021. Revolut did not respond to a request for comment. (Global Fintech Insider)
Talking point: Revolut, which offers banking services like payments, currency exchange, and stock and cryptocurrency trading, blamed an inability to offer “the range of services we had hoped” for its decision to exit Canada a year and a half after launching. A lot has changed since then, however. Canada now has oversight regimes for crypto-trading platforms and payments firms, and plans to launch open banking and real-time payments. The regulatory developments are partly responsible for a return to optimism, rising valuations and new funding for fintech startups.
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