Fintech Research

Oct

How has Transferwise managed to become profitable?

Many of the most prominent fintechs are known for sky-high valuations and red ink on their balance sheets. There’s a disconnect between what private investors deem the companies are worth and their actual financial performance. The biggest challenger banks in Europe, such as N26, Revolut and Monzo, are unprofitable. The…

Oct

Fintech Research

How will open banking change Australia’s financial sector?

The arrival of open banking in Australia comes at an opportune time. Virtual banks are fast setting up shop amidst widespread demand for more choices in consumer banking. Consumers, while not dissatisfied with existing banks, would like better digital-first options. For their part, regulators are keen to boost compliance across…

Oct

Fintech Research

Revolut partners with Visa in global expansion effort

UK-based Revolut is the one of the world’s most valuable challenger banks with a valuation of US$1.7 billion. With seemingly unlimited coffers of venture capital to draw upon, the company is targeting a $10 billion valuation in the next few years. Its executives say that the company would need to…

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