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Tag: iceland

  • Revolut Expands as a Bank

    Revolut Expands as a Bank

    Europe’s most valuable fintech has already amassed 18 million app users worldwide. Some of those are about to become bank customers.

    The London-headquartered neobank is launching as a bank in ten additional European markets, lifting the number of countries it operates in to 28, it said in a statement. The challenger bank can now protect client deposits up to 100,000 euros in Belgium, Denmark, Finland, Germany, Iceland, Lichtenstein, Luxembourg, Netherlands, Spain, and Sweden, using its European specialized banking license.

    In a few clicks clients from these countries will be able to upgrade to Revolut Bank from within the app, it said.

    Deposits will be secured by the Lithuanian State company deposit and investment insurance, it added.

    Over the past few years, Revolut’s rapid level of growth has added pressure on Swiss banks to boost their digital services. Since its inception in 2015 the company has attracted more than 18 million customers globally, it says on its website.

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  • Iceland Fintech Meniga Plans APAC Growth

    Iceland Fintech Meniga Plans APAC Growth

    The Iceland-based company has announced a new partnership with Visa to accelerate its expansion across the APAC region.

    Digital banking solutions provider Meniga plans to capture growth opportunities in Southeast Asia, following its certification as a Fintech Enablement partner under the Visa Ready Program, which will help facilitate partnership opportunities with financial institutions, fintechs and businesses in the region.

    Meniga has developed digital tools for financial institutions such as UniCredit, Crédito Agrícola and Swedbank, which revolve around advanced data consolidation and enrichment, customer engagement and new revenue opportunities.

    This marks an important step in our plans to accelerate our expansion within the APAC region, where we see a substantial growth opportunity, with the regional fintech ecosystem currently booming, Georg Ludviksson, CEO & co-founder of Meniga, said in an announcement on Wednesday.

    The company entered the Southeast Asian market in 2019, when it opened a new office location in Singapore. It has since successfully launched some of the most popular banking apps in the region, including for UOB.

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  • Iceland Foods partners up with JD.com

    Iceland Foods partners up with JD.com

    Welsh supermarket giant Iceland Foods will partner with e-commerce platform JD.com to sell its products to China.

    These will include its own-brand products such as biscuits, cereals and sauces, as well as cosmetics brands Pulsin, Re-gen, and Soft and Gentle.

    “With the rapid growth and significant opportunities the market in China offers we decided it was time to act,” says Iceland founder Sir Malcolm Walker.

    “Iceland adds to the growing number of British brands on our platforms as we continue our push to bring the best of Britain to Chinese consumers,” says JD Worldwide GM Yang Ye. The number of UK brands on JD.com has doubled in the past few years, and this week it held a 24-hour “Celebrate Britain” promotion.

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