Revolut Expands Into Full Mortgages in Lithuania
Hey Digital Banking Fanatic!
Revolut is expanding its mortgage offering in Lithuania, moving beyond refinancing and into financing home purchases directly.
The move builds on strong demand. Revolut launched mortgage refinancing last year, and uptake was high enough to justify the next step into full home loans.
The experience stays fully digital. Customers can track applications in real time, upload documents in-app, and see exactly what comes next. Each borrower also gets access to a dedicated mortgage advisor when needed.
Revolut is also leaning into sustainability, offering discounts on mortgages for energy-efficient homes with high efficiency ratings.
“We’re proud of the impact mortgage refinancing has already had in Lithuania, helping customers save money and simplifying what has traditionally been a complex process,” said Joe Heneghan, Partner & CEO of Revolut Europe.
If you’re tracking how digital banks are expanding into core lending products, keep scrolling 👇 I'll get back to you in your inbox next week.
Cheers,
INSIGHTS
📈 Most digital banks chase scale first. Monzo Bank is doing the opposite.
NEWS
🇬🇧 Revolut selects ElevenLabs Agents to bolster customer support across the UK and Europe, delivering faster, multilingual customer support with high call completion rates by maintaining control over orchestration, data, and compliance while leveraging advanced voice technology. Additionally, Revolut plans to reach 8 million customers in Spain by 2026, thanks to its sponsorship of the Audi Formula 1 team.
🌍 Revolut reaches 3 million customers in Germany. The country remains one of Revolut’s fastest-growing markets in Europe. A key driver of this growth is Revolut’s product offering tailored to the German market. Also, Revolut Bank is to start issuing mortgage loans in Lithuania. The bank will also finance the purchase of a home, complementing the previously launched mortgage refinancing service, according to a press release.
🇺🇸 Nu secures approval to establish US National Bank. Once fully approved, the national bank charter will allow Nu to operate under a comprehensive federal framework, facilitating the launch of deposit accounts, credit cards, lending, and digital asset custody.
🇫🇷 Shares enters into exclusive negotiations with Société Générale for the acquisition of 100% of the share capital of its subsidiary, Treezor. By combining its investment solutions with Treezor’s embedded finance offering, Shares aims to build a comprehensive, fully digital financial services platform to support the modernisation of financial institutions.
🇺🇸 Crypto exchange Bybit to become more bank-like with new accounts. Bybit plans to start offering banking services with the launch of accounts that will let customers hold balances in US dollars and other fiat currencies. It also plans to launch a new custody product for institutional investors, which will primarily support banks.
🇬🇧 Plum introduces Worldwide Travel Protection powered by Qover. Customers and their travelling family members are protected for medical emergencies, lost baggage, delays and cancellations. All information is accessible from the Plum app, where customers can view their cover, download travel certificates and manage claims through a simple digital journey.
🇺🇸 Neobank Dakota launches stablecoin platform for businesses. Dakota was started in 2022 as a banking and stablecoin FinTech for businesses. The company plans to continue offering business banking and stablecoins to clients even as the firm shifts toward tech infrastructure offerings.
🇩🇰 Saxo Bank was fined around $50m by the Danish FSA. In a translated statement, the regulator says: "The administrative fine is based on the company's failure to comply with the requirements for obtaining information regarding the purpose and intended nature of some customer relationships".
🇺🇸 FinTech Company Alkami taps adviser to explore sale. The company is working with a financial adviser to assess interest from industry players and private equity firms, though discussions remain preliminary and may not lead to a transaction.
🇧🇷 Brazilian FinTech PicPay raises $434 million in US IPO. The digital bank sold 22.86 million shares after initially offering them in a range of $16 to $19. Financial results show PicPay’s growth trajectory, with the company reporting net income of 270.4 million reais ($52 million) on revenue of 7.26 billion reais for the nine months ending September 30.
🇬🇧 Archax and OpenPayd partner to streamline multi-currency settlement for digital asset trading. Archax will use OpenPayd’s regulated financial infrastructure to facilitate instant GBP, EUR and USD fiat settlement, with flows moving primarily between Archax and its network of institutional liquidity partners.
🇨🇭 Swiss Digital Bank Sygnum raises 750 Bitcoin ($65M) for BTC Alpha Fund. Swiss-Singaporean banking group Sygnum and Starboard Digital secured 750 BTC ($65M) in seed funding for their actively managed Bitcoin yield fund, delivering 8.9% annualized returns despite market volatility.
Want your message in front of 100.000+ Digital Banking fanatics, founders, investors, and operators?
Shoot me a message on LinkedIn or send me an e-mail.
