🌍 Revolut goes big in New Zealand

And... $5M worth Cool Labs!!!

December 10, 2024

Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.

What we’ll cover today:

🌍 Revolut goes big in New Zealand.

🧪 Warwick’s $5M lab that’s sparking fintech genius.

📆 2025 fintech events to mark on your calendar now!

Revolut, the global fintech star, is knocking on New Zealand’s door to get its first banking license in the country.

🚨 Breaking News
Revolut's New Zealand banking license bid could bring its full suite of financial services, from savings accounts to loans, Down Under.

⚡ Wire Simplified

  • Revolut applied to New Zealand’s Reserve Bank for a banking license.

  • If approved, Revolut could offer full banking services like deposits and lending.

  • Revolut already has 30+ million users globally and wants to expand further.

  • This move is part of its plan to enter smaller but promising markets.

  • The approval process may take months, but it signals Revolut’s ambitions to compete with traditional banks worldwide.

✔️ Straight to the Point
Revolut is eyeing New Zealand for growth, aiming to challenge local banks with its tech-driven, user-friendly banking services.

Warwick Business School just opened a shiny new Fintech Innovation Lab, thanks to a hefty $5.3 million investment.

🚨 Breaking News
The lab will focus on cutting-edge fintech and AI research, helping the UK stay ahead in the financial technology race.

⚡ Wire Simplified

  • The lab is backed by $5.3 million in funding to drive fintech and AI innovations.

  • It’s based at Warwick Business School, a top UK business school.

  • Focus areas include digital payments, blockchain, and AI-driven financial tools.

  • The lab aims to bridge academia and industry for groundbreaking research.

  • Students and startups will benefit from access to the latest technologies and expert mentorship.

✔️ Straight to the Point
Warwick’s new lab is the UK’s latest effort to stay fintech-savvy, blending academic research and industry expertise to spark innovation.

❝

More interesting stablecoin data:

Over $100 million gets sent from the US to Mexico each month using stable rails,

while countries like Turkey and the Philippines see 5% of total remittances on stables.

❝

Vanta is a great example of underestimating TAM.

TAM for the entire SOC2 compliance industry was $100M in 2018; it was hard to raise the seed.

But now Vanta itself is doing >$100M of revenue!

They made SOC2 compliance easy, so people started mandating it.

  1. MoneyLIVE Summit 2025
    MoneyLIVE Summit sets the agenda for the future of banking and payments. Hosted in the FinTech capital of the world, it brings together industry leaders at the top of their game to forge groundbreaking partnerships, accelerate innovation, and birth the brightest ideas.

    Date: March 10-11, 2025 | Location: London, UK

  1. Fintech Retreat

    Break away from the everyday and immerse yourself in insightful industry discussions at the Fintech Retreat. This exclusive event in San Francisco brings together the public and private sectors to spark collaboration and drive innovative solutions for the future of finance.

    Date: February 3-4, 2025 | Location: San Francisco, USA

  1. Future Digital Finance

    Join financial services leaders at Future Digital Finance to explore innovative strategies and technologies shaping the future of digital finance. This event focuses on digital banking strategies and technological innovations, providing a platform for networking and collaboration.

    Date: February 24-25, 2025 | Location: New Orleans, LA, USA

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