Revolut and N26 both announced expansion plans amid the coronavirus pandemic - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

Revolut and N26 each revealed ambitious growth plans, even as the pandemic dents their revenue and operations, highlighting potential silver linings.

last year and now counts over 250,000 users. International growth has been central to N26's strategy, and it's clear that it plans to continue with that strategy despite the current crisis. it raised in February, which valued it at $5.5 billion. The neobank is looking for companies that have been hit by the pandemic, which Revolut CEO Nikolay Storonsky told the FT provides "a real opportunity" for Revolut, despite the revenue losses.

, like a full US rollout and plans to reach 56 markets worldwide, as well as a further expansion into business banking.Business Insider Intelligence analyzes the banking industry and provides in-depth analyst reports, proprietary forecasts, customizable charts, and more. >>, Business Insider Intelligence's expert email newsletter tailored for today's decision-makers in the financial services industry, delivered to your inbox 6x a week.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Plant-Based Meat Business Booming Amid Beef and Poultry ShortagePlant-based meat business is booming as a meat and poultry shortage looms amid coronavirus pandemic. DEEEEEELICIOUS! i’ll resort to cannibalism before i eat that shit. Plant based meat really doesn't taste that different, & is way better for humans, so, I support that new trend. Just takes a minor adjustment, w/healthy benefits.
Source: TMZ - 🏆 379. / 59 Read more »

These states are reopening economies amid the coronavirus pandemic - Business InsiderFlorida and Georgia were among the first to begin reopening, while states like Utah and North Dakota were never fully 'shut down' in the first place.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Public life resuming in South Korea amid the coronavirus pandemic - Business InsiderPhotos show South Korea gradually reopening after the rate of new confirmed cases of coronavirus slowed dramatically in recent weeks to less than ten a day
Source: BusinessInsider - 🏆 729. / 51 Read more »

Influencers won't be destroyed by the coronavirus advertising meltdown - Business InsiderCreators and marketers are adjusting their businesses amid the coronavirus proving the influencer industry isn't destroyed.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Airfares could rise 50% with onboard social distancing, industry group warnsNEW: Airfares could rise more than 50% compared to last year's prices if social distancing measures are enforced on aircrafts amid the pandemic, an industry trade group warns. I won't be flying for a few years. Take them prices somewhere else. 🤷🏽‍♂️ 'Social distancing' in a hermetically sealed tube, that recycles the air you breathe is fucking ridiculous! i travel by lawn chair balloon, so i don't really give toss.
Source: ABC - 🏆 471. / 51 Read more »