Revolut to expand internationally on $250 million fund raise

Revolut has raised $250 million, boosting its valuation five-fold to $1.7 billion.

Revolut Expands to Central & South American Markets | All About Payments

Revolut has announced its expansion into Mexico and Brazil.

Mexico and Brazil are strategic markets for the bank, as there are a huge amount of payment transactions between Mexico and the United States, which could reach $58 billion by the end of this year.

Additionally, almost 40% of Brazilian financial services users have a digital account that they use on a daily basis, while in Mexico it is at 15%.

We are particularly interested to watch its penetration of Brazil with the widely used PIX payments infrastructure and competing neobank: Nubank’s current dominating position in the Brazilian online banking scene.

We’d be interested to see how the successful payments infrastructure will influence Revoluts market entry metrics? We’ll have to wait and see.

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The Industrial Revolution: Crash Course European History #24

We’ve talked about a lot of revolutions in 19th Century Europe, and today we’re moving on to a less warlike revolution, the Industrial Revolution. You’ll learn about the development of steam power and mechanization, and the labor and social movements that this revolution engendered.


Hobsbawm, Eric. Studies in Archaic Forms of Social Movements in the 19th and 20th Centuries. New York: W. W. Norton, 1965.

Hunt, Lynn. et al. The Making of the West: Peoples and Cultures, 6th ed. Boston: Bedford St. Martin’s, 2019.

Kent, Susan Kingsley. A New History of Britain since 1688: Four Nations and an Empire. New York: Oxford University Press, 2017.

Riello, Giorgio. Cotton: The Fabric That Made the Modern World. Cambridge: Cambridge University Press, 2013.

Smith, Bonnie G. et al. World in the Making: A Global History. New York: Oxford University Press, 2019.

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Call it a Revolution? Iran protest movement defies growing brutality • FRANCE 24 English

Back in September, when Iran’s protest movement caught the world by surprise, conventional thinking was that with patience and ruthlessness, the regime would eventually outlast whatever came its way. After all, that has been the playbook so many times since the Islamic revolution of 1979. But is this time different? We are now into the third month of what protesters are now insist is a revolution.
#iran #Protests #women

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Revolut raises $250 million at $1.7 billion valuation | Squawk Box Europe

Revolut CEO Nikolay Storonsky explains why traditional banks cannot reproduce his fintech platform.

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