Revolut May Buy Local Bank for Middle East Expansion

Revolut may buy local bank for Middle East expansion

Raising funds for global growth Already operating in UAE and Saudi Purchase to accelerate regional plans Revolut, Europe’s largest digital bank, is reportedly considering buying a Middle Eastern bank to speed up its regional expansion plans. The company is in talks to raise funds at a valuation of around $65 billion, the Financial Times reported Wednesday – this money would be used to fund its overseas expansion, including potentially in the Mid…

Prosus inches closer to dominating Europe’s food delivery

On Techpoint Digest, we talk about Prosus delaying the JET buyout deadline until October, Revolut picking Morocco as entry point into Africa, and ChatGPT getting smarter about how you learn.

Revolut, Europe’s Biggest Digital Bank Eyes Move Into North Africa

Revolut, European fintech, is officially laying the groundwork for a major push into Morocco. The USD 45 B British neobank, which has built a reputation in Europe for shaking up traditional banking, is now making a calculated push into the continent, and it has tapped Amine Berrada, a former Uber executive for Southern and Eastern Europe, to spearhead its entry strategy. “I’m especially proud to be doing this for my home country,” Berrada posted…

Revolut plans strategic launch in Morocco under new leadership

Revolut, a UK-based fintech giant, is preparing to enter the Moroccan market, backed by significant developments across Europe and a notable expansion of its products. It appointed Amine Berrada, formerly Uber’s general manager, to lead its Moroccan strategy, marking its first significant executive hire in the region. The entry plan is expected to begin with payments and FX services, including remittances and cross-border transfers, with a digit…