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UK tech firms, including Revolut and Atom, have urged the government to enhance access to capital to support growth. In a meeting with Chancellor Rachel Reeves, they discussed recent reforms aimed at facilitating stock market listings and improving the competitiveness of UK businesses.
Swiss banks are largely missing out on the cryptocurrency trend, despite a significant portion of the population investing in Bitcoin and Ethereum. While some cantonal banks and Postfinance offer direct purchases, major institutions like UBS and Pictet remain skeptical, limiting their involvement to ETFs. This cautious approach contrasts with the growing interest among younger investors, who often turn to foreign platforms for their crypto transactions.
Porsche Financial Services Switzerland has launched a new stainless steel credit card, reflecting the brand's values and design aesthetics. The card offers benefits including 0.75% cashback on purchases, free parking at Zurich and Basel airports, discounts on driving events, and complimentary access to the Porsche Museum. Available for an introductory price of 150 Swiss francs in the first year, it also includes travel insurance and Priority Pass membership for airport lounges.
Revolut Co-Founder Nik Storonsky has indicated plans to apply for a US banking license, essential for competing in the credit card-driven market. He emphasized that without this license, the company would struggle to launch products and earn interchange fees in the US.
Venture capital investment in European tech startups is projected to decline for the third consecutive year, with expectations of $45 billion in funding by the end of 2024. Despite this, the sector shows signs of stabilization, with improved valuations and falling interest rates. Key reforms, particularly in pension fund investments, could unlock billions for European scale-ups, potentially leading to the continent"s first trillion-dollar tech company by 2034.
Revolut has surpassed 50 million customers globally, with over 900,000 in Switzerland, marking a significant milestone for the fintech. This year alone, it added more than ten million customers and reported a consolidated turnover of 2.1 billion euros, alongside a pre-tax profit of 503 million euros. CEO Nik Storonsky emphasized the company"s ambition to become the world"s leading digital bank while aiming for a customer base of 100 million.
One in nine Swiss residents invest in cryptocurrencies, primarily driven by curiosity rather than financial motives. A study reveals that while Bitcoin and Ether are the most recognized cryptocurrencies, interest is notably higher among younger generations and men, with many investors holding small amounts, indicating experimental investments.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
tech firms urge government to enhance capital access for growth
01:01 28.11.2024
wiss banks lag behind in cryptocurrency adoption despite growing investor interest
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17:12 21.11.2024
Porsche introduces stainless steel credit card with exclusive benefits and discounts
17:38 20.11.2024
revolut co-founder hints at pursuing us banking license for growth
13:26 20.11.2024
european tech funding declines but shows signs of stabilization and growth
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11:43 19.11.2024
Revolut surpasses 50 million customers aiming for global digital banking leadership
11:35 19.11.2024
one in nine swiss residents invest in cryptocurrencies driven by curiosity
09:46 15.11.2024
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