Revolut made a big jump in 2025. Profit before tax grew by 57% to $2. 3 billion, and revenue rose 46% to $6 billion. The company earned its fifth straight year of net profit, reaching $1. 7 billion with a 38% margin. The growth came from many services. Card payments, subscriptions, foreign exchange
Private‑credit lending, a fast‑growing but less visible part of finance, is now catching the eye of investors and banks alike. The sector, which lets private‑equity firms and other nonbank entities lend to companies such as software developers and auto lenders, has ballooned to about $3 trillion.
Axis Bank has decided to add 15 billion rupees, about $162 million, into its consumer lending business, Axis Finance. The move came after the bank’s board approved the funding plan on March 18. Earlier in January, the bank paused plans to sell a share of Axis Finance. This pause followed a
Elon Musk’s new venture, xAI, is looking for people who know money to help train its chatbot, Grok. The company wants real bankers and traders to act as tutors so the AI can understand how financial decisions are made. In its job ads, xAI asks for experts in investment banking, portfolio manageme
A new digital banking system has appeared on the market. The platform is owned by Providence Trust Inc, a company that wants to make money handling simple for people all over the world. The service works on computers and phones, so users can check their balances, send money, or apply for a loan when
Kraken, a crypto exchange that began in 2011, has taken a big step by gaining access to the Federal Reserve’s payment system. The move is part of its plan to mix blockchain with mainstream finance, a goal the company’s co‑CEO, Arjun Sethi, has been pushing since 2024. The new Fed account is not a
A fintech company called Revolut finally received a full UK banking licence, allowing it to offer customers in Britain real‑time bank accounts. The approval ends a long wait that had kept the firm from fully serving its home market. Revolut’s chief executive explained that launching a UK bank had a
Citigroup is set to add bitcoin custody for big investors later this year, blending the digital coin into its standard asset safekeeping and reporting tools. The plan lets clients hold bitcoin alongside stocks, bonds, and cash in one account, making it easier to mix digital and traditional assets fo
Two young bankers from a large Wall Street firm were caught in an unapproved magazine shoot that flaunted their expensive clothes and social outings. The photos were not cleared by the company before publication. One banker was photographed in a designer suit and a luxury watch, while the other wor
ZeroHash, a company that builds tools for stablecoins, has filed with the Office of the Comptroller of the Currency to become a national trust bank. This type of charter lets it offer special digital‑asset services without running a traditional retail banking business. The firm wants to provide cus
