Finance Breaking news Revolut leaves Canada last financial news
Breaking-Finance.Com - UK-based fintech player Revolut is leaving Canada after failing to exit beta in the country.
Breaking-Finance.Com - UK-based fintech player Revolut is leaving Canada after failing to exit beta in the country. Revolut, which has been aggressively expanding around the world over the last two years, began a Canadian beta more than 18 months ago but has now emailed users in the country to tell them that this has been ended.
Revolut says it hopes to return to Canada but told users on Twitter that it is "not able to offer the range of services we had hoped at this stage".
The firm has not obtained a Canadian banking license, restricting the scope of its offering and preventing it from mounting a serious challenge to the Big Five banks that dominate the market.
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