Fintech Insider Podcast by 11:FS cover image

Fintech Insider Podcast by 11:FS

955. News: Revolut vs Amex, Stitch's big fundraise, and BNPL hits Coachella

Apr 21, 2025
In this discussion, fintech experts Sam Maule, Head of Business Development at Moov; Kiaan Pillay, CEO of Stitch Money; and independent consultant Veronica Glab, dive into exciting developments. They unpack Revolut's upcoming points-based credit card aimed at taking on American Express. Kiaan shares insights on Stitch's impressive $55 million funding round to enhance payments in South Africa. The panel also reflects on the rising popularity of Buy Now, Pay Later services at Coachella and the broader implications for the fintech landscape.
01:07:13

Episode guests

Veronica Glab
Kiaan Pillay
Sam Maule

Podcast summary created with Snipd AI

Quick takeaways

  • Revolut's entry into the rewards credit card market with its new points-based system aims to disrupt incumbents like American Express in the UK.
  • Stitch's recent $55 million funding round will enhance its omnichannel payment platform, increasing flexibility to meet evolving market demands in South Africa.

Deep dives

Revolut's Challenge to American Express

Revolut is making a significant move into the reward credit card market by developing a points-based credit card system that positions it against established players like American Express in the UK. This new offering will utilize RevPoints, a loyalty program introduced by Revolut, and will cater to various user tiers, showcasing a competitive approach to customer retention and acquisition. Analysts highlight that Revolut's fast and innovative service model may appeal to consumers who are open to alternatives outside traditional credit systems, particularly in the UK and Europe. With Revolut's existing product range and brand equity, the entry into the rewards market signifies a bold attempt to disrupt an otherwise stagnant segment dominated by long-established institutions.

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