Do you know how Revolut manages to scale internationally so rapidly while expanding their product portfolio? The answer lies in white-labelling APIs of multiple “Financial Infrastructure as-a-Service” (or FIS) players below. Revolut, similar to Chime and many others, is a consumer interface stitched together on the back of these infrastructure players.
Revolut is made of following components:
DriveWealth powers commission-free trading
Truelayer unlocks funding instruments
Data API enabling customers to connect their external bank accounts to Revolut in a few clicks
Payments API to enable customers to top up and access funds instantly, in real- time, without having to enter card details or share their bank credentials
Simplesurance: cell phone insurance made simple
Lending works: Make borrowing simple for Revolut users by delivering instant Credit
Each layer of the Product stack of neobank is increasingly being served by third-party providers who specialize in the layer (or aggregators)
Revolut…