Revolut’s valuation troubles signal a stormy horizon for less-profitable neobanks

While the banking world watches American lender First Republic publicly convulse after its earnings report detailed a widespread evaporation of its deposit base, the startup world of neobanks is taking blows as well.

Earlier this week, Revolut, a highly-valued, UK-based neobank saw its valuation decline by some 46% in the eyes of one of its backers.


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