[HN Gopher] Revolut - From 0 To 50.000 Customers in 3 Months
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       Revolut - From 0 To 50.000 Customers in 3 Months
        
       Author : mcarreiro
       Score  : 5 points
       Date   : 2021-04-27 20:16 UTC (2 hours ago)
        
 (HTM) web link (disclosinggrowth.substack.com)
 (TXT) w3m dump (disclosinggrowth.substack.com)
        
       | garyclarke27 wrote:
       | I switched my business account from HSBC to Revolut 2 years ago
       | and haven't looked back, they are far superior. HSBC could not
       | handle the fact that I had moved to Portugal, but still managed a
       | UK registered company, insisting I come into a UK branch for
       | trivial admin tasks such as change of address. Revolut is great
       | for international business, FX rates are very good and payments
       | are free (within PS25 pm flat fee) even to countries like Serbia
       | (were I have an office).
        
         | mcarreiro wrote:
         | I'm not aware of HSBC but my experience with Revolut (also in
         | Portugal) is pretty good. Especially useful when traveling.
        
         | loriverkutya wrote:
         | Since they don't have a UK banking license and no FSCS
         | protection this was a pretty risky move, if you add the
         | customer problems to the picture, I considered way to risky to
         | trust them with my business account.
        
       | uxcolumbo wrote:
       | "But former Revolut employees say this high-speed growth has come
       | at a high human cost - with unpaid work, unachievable targets,
       | and high-staff turnover."
       | 
       | And more exploitative methods explained in the article... after
       | reading that article a couple of years ago I stopped using them.
       | There are other neobanks that are a bit more ethical, like
       | Triodos.
       | 
       | From: https://www.wired.co.uk/article/revolut-trade-unions-
       | labour-...
        
         | mcarreiro wrote:
         | I think they suffered from a toxic culture that comes from the
         | "growth at all cost" mindset. Hopefully this has changed by
         | now, as the company gets more mature and starts thinking more
         | on the long term.
        
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       (page generated 2021-04-27 23:02 UTC)