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- 📈 Revolut's jaw-dropping $1.4B profit
📈 Revolut's jaw-dropping $1.4B profit
plus, 🧠 Feedzai’s bold acquisition to outsmart fraud
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
📈 Revolut's jaw-dropping $1.4B profit
🧠 Feedzai’s bold acquisition to outsmart fraud
📅 Can’t-miss fintech events you should have on your radar
Source : Essential Business
Portuguese fintech Feedzai teams up with New York's DemystData to enhance fraud detection using AI-powered data workflows.
🚨 Breaking News:
Feedzai acquires DemystData, integrating its Zonic platform to boost AI-driven fraud prevention and streamline data orchestration.
⚡ Wire Simplified:
Feedzai specializes in AI-based fraud prevention for financial institutions.
DemystData offers the Zonic platform for data integration and workflow automation.
The acquisition includes DemystData's technology, intellectual property, and team.
Integration aims to unify data orchestration with risk management for better fraud detection.
Goal: Accelerate risk decisions with minimal friction for consumers.
✔️ Straight to the Point:
Feedzai's acquisition of DemystData aims to create a unified platform for smarter, faster fraud detection with less hassle.
🎤 Is this a smart move for Feedzai? |
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Source : CNBC
UK fintech Revolut achieves $1.4B profit in 2024, driven by crypto trading and plans to launch UK banking services.
🚨 Breaking News:
Revolut's 2024 profit soars to $1.4B, with revenue up 72%, as it prepares to launch UK banking operations.
⚡ Wire Simplified:
Revolut's revenue increased by 72% to $4B in 2024.
Profit before tax reached $1.4B, a 149% rise from 2023.
User base grew to 52.5 million, up from 38 million.
Plans to launch UK banking services after obtaining a license in July 2024.
CEO Nik Storonsky increased his stake to over 25%.
✔️ Straight to the Point:
Revolut's impressive growth and upcoming UK banking launch position it as a formidable player in the fintech industry.
How are multi-stage funds destroying seed?
Venture is like poker:
If you go all in and your opponent only has to put in 10% of their chips, the cost of capital is so so different.
It’s a rigged game at that point.
— Harry Stebbings (@HarryStebbings)
8:50 PM • Apr 24, 2025
“I don’t wear a watch. I don’t look at my phone. When I’m in a meeting, I’m 100% in a meeting”
- Jensen Huang
— Deedy (@deedydas)
12:16 AM • Apr 25, 2025
U.S. Fintech Symposium 2025
The U.S. Fintech Symposium is a conference reshaping the FinTech landscape by hosting conversations about partnerships and growth strategies. The event prioritizes meaningful discussions over typical presentations, offering numerous networking events, peer-to-peer discussions, and innovative panel discussions.
Date: June 2–4, 2025 Location: Oak Brook, IL, USA
Innovate Finance Global Summit 2025
A key event for FinTech leaders and innovators, focusing on global financial inclusion, digital transformation, and the future of FinTech.
Date: April 22–23, 2025 | Location: London, UK
Canada FinTech Forum 2025
This event is the largest FinTech gathering in Canada, bringing together key players from the finance and technology sectors.
Date: October 2025 | Location: Montreal, Canada
What do you think about today’s edition? |
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