Revolut Wealth

Interesting thoughts.

I get your point but would suggest that if a startup is growing fast but unable to provide consistent service then it isn’t successfully ā€œscalingā€. It will also be introducing an increasing risk of customer churn, which if high enough makes the growth less relevant.

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Apparently Revolut’s Lithuanian license is no good even in Lithuania. This is what I received from a Lithuanian P2P lending platform after making a transfer from my Revolut account:

You sent us only a copy of passport but still haven’t verified your identity via true video verification. In this case your investments is limited up to 1000 euros. Deposit must have to be made by licensed Bank. Revolut Ltd haven’t got banking license yet.

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Community: unfortunately, on a similar, trading-alternative focused thread we had to send out a new round of warnings and we’re not seeing a decrease in new, suspicious accounts created. As a result, we will temporarily stop supporting threads about alternative products.
We will come back and hope to give some space to a related discussion in a more structured, trustable manner, once we launch our more detailed community guidelines to support it.