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S2 Ep8: The Fintech Slow Down, With Sarah Kocianski

Fintech Takes

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Revolute's Future

I think that revolution has done an awesome job of acquiring customers. But I think it has huge problems under the hood. For example, not filing your accounts until they're two years late and then them containing an auditor's warning. It's a bit of a red flag. Also, the CEO has taken a lot of his own money out of the business in the last funding round. Like he isn't, I mean, he's still hugely invested in it, obviously, both emotionally and financially. He might be looking for something else to do. And I wonder if sort of an out-of-the-box acquisition in banking as a service might be in the cards.

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