Revolut raises $500M at a $5.5B valuation
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Revolut raises $500M at a $5.5B valuation
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Re: Revolut raises $500M at a $5.5B valuation
#2Please can we stop linking to articles with Cookie-walls.
Re: Revolut raises $500M at a $5.5B valuation
#3Please can we stop linking to articles with Cookie-walls. https://outline.com/9cuRRS
Try https://baitblock.app
It can remove cookie walls on many websites automatically
Re: Revolut raises $500M at a $5.5B valuation
#4Revolut is predatory and walking on the line of legality. I would stay as far away as I can from them.
- Unfair/illegal employment practices. [1]
- Dubios crypto service (you can buy and sell but there is no way to transfer in or out) [2]
- Keeping a firewall between customers and company by only allowing communication via app chatbot [3]
- Accusations of money laundry. [4]
- Many people have had their accounts frozen or even money stolen. [5]
[2] First hand experience
[3] First hand experience trying to deal with customer support
[4] https://www.bbc.com/news/technology-47751945
[5] https://old.reddit.com/r/Revolut/, https://www.20min.ch/finance/news/story/Betrueger-stehlen-Re...
Re: Revolut raises $500M at a $5.5B valuation
#5Please can we stop linking to articles with Cookie-walls. https://outline.com/9cuRRS
Dang and others addressed the paywall complaint recently here https://news.ycombinator.com/item?id=22306181
You're helping the community out by pasting the link. Don't need to spoil it :)
Re: Revolut raises $500M at a $5.5B valuation
#6Quite impressed with the valuation.
Transferwise Borderless seems to have a better business model with sane prices and not "everything free".
And Revolut still uses their e-money license instead of their proper Lithuanian banking license. Quite surprising.
Re: Revolut raises $500M at a $5.5B valuation
#7Re: Revolut raises $500M at a $5.5B valuation
#8Revolut is predatory and walking on the line of legality. I would stay as far away as I can from them. - Unfair/illegal employment practices. [1] - Dubios crypto service (you can buy and sell but there is no way to transfer in or out) [2] - Keeping a firewall between customers and company by only allowing communication via app chatbot [3] - Accusations of money laundry. [4] - Many people have had their accounts froze…
Sources?
Re: Revolut raises $500M at a $5.5B valuation
#9I refused to interview with them due to their poor employment practises. A quick search reveals what's going on.
Re: Revolut raises $500M at a $5.5B valuation
#10Revolut is predatory and walking on the line of legality. I would stay as far away as I can from them. - Unfair/illegal employment practices. [1] - Dubios crypto service (you can buy and sell but there is no way to transfer in or out) [2] - Keeping a firewall between customers and company by only allowing communication via app chatbot [3] - Accusations of money laundry. [4] - Many people have had their accounts froze…
Sources?
The lack of in-person or even phone support is practiced by quite a few banking start ups. This also means that if they block your account for any reason (e.g. suspected fraud), it can be very hard to get hold of them. N26 has had similar issues with people not being able to access their money for weeks after their account got blocked.
Not sure where the rest of the accusations comes from.