Revolut dismisses "fake" WhatsApp messages about company finances 1 year ago

Revolut dismisses "fake" WhatsApp messages about company finances

A WhatsApp message has circulated claiming that the company is going through financial difficulty.

Revolut has rubbished WhatsApp messages that claim that the company is going through financial difficulty.

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The message in question claims that Revolut will be shutting down soon as it's not making enough money.

The popular online banking service has dismissed these claims in a statement issued to JOE on Thursday (19 March).

The statement reads: "We would like to make it clear that these rumours are completely false. Just last month Revolut raised $500 million in fresh investment. Revolut is going from strength to strength, and customer funds are completely safe. We hope this clears things up."

Revolut's CEO Nikolay Storonsky also released a statement, saying: "The Coronavirus pandemic is causing unprecedented movement in financial markets. Naturally this can be alarming and can allow rumours and false information to spread quickly. To put your mind at ease, I’d like to make Revolut’s position super clear.

"Last month, we raised $500 million from investors. We were delighted with that vote of confidence in our revenue generating business and its ability to deliver transformative services for our customers. So I want to make clear that for Revolut it’s business as usual.

"Revolut is a digital, cloud-based company.  So it’s fairly easy for us to arrange for our people to work from home. That means that our 2,000+ staff can and will continue to support you wherever they are and wherever you are."