Welcome to another issue of Net Interest, my newsletter on financial sector themes. If you’re reading this but haven’t yet signed up, join 21,000 others and get Net Interest delivered to your inbox every Friday by subscribing here 👇

Revolution in the Air

As a finance newsletter, we touch on fintech here a lot. We’ve looked in detail at a host of new entrants into financial services – Wise, Tinkoff, Paytm, Robinhood – all of them attempting to disrupt the traditional way of doing finance. This week, we turn our attention to one I’m particularly close to: Revolut.

I first came across Revolut in 2016 when an early investor showed me around its app and the backend dashboard he had access to. I used to travel a lot and the opportunity to access cheap foreign exchange via a payment card was very appealing. I signed up as a customer and – as the app informs me today – went on to spend £6,438 on my travels through the remainder of the year. 

I knew that if I found the app useful, others would to…