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Oscar Williams-Grut

London fintech Revolut is planning a new debit card that will give people cash back in cryptocurrencies. The fast-growing startup raised $250 million this week.

Revolut CEO and founder Nikolay Storonsky.

Revolut is also planning to launch wealth management and cards for kids that parents can control.

LONDON — Fintech startup Revolut is planning to launch a new metal debit card that will let customers claim 1% cash back in cryptocurrencies, its CEO has told Business Insider.

Nikolay Storonsky told BI: “In the next three months we’re going to launch Platinum cards — it’s a metallic card that allows you to get 1% cash back in cryptocurrencies and also provides you a concierge service.”

The debit card will carry a fee like Revolut’s Premium card, which costs £6.99 a month and offers services such as travel insurance.

“It gives you the stuff the Premium card gives you but then on top of it you get cash back in cryptocurrencies,” Storonsky said of the new Platinum card.

London-head quartered Revolut started as a no-fee foreign exchange card linked to an app but has branched out into everything from travel insurance to cryptocurrency trading. The startup has proved wildly popular and now has over 1.8 million customer and 250,000 daily active users.

Read more by following the highlighted links.

Revolut announced a $250 million funding round valuing it at $1.7 billion earlier this week.

 

 

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