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

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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.

 

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