News Summary

Revolut, the UK-based neobank, has appointed Jan Pilbauer as the new CEO of its Canadian operations as it considers re-entering the Canadian market, which it exited in 2021. Pilbauer, who previously led Al Etihad Payments in Abu Dhabi, brings extensive FinTech experience, including roles at Payments Canada and the Bank of Canada. Revolut initially launched a beta of its banking services in Canada in 2019 but withdrew in early 2021, citing the inability to offer a full range of services. The company is now exploring opportunities for growth and evaluating the Canadian market’s potential. The new Canadian CEO will be responsible for scaling the business, acquiring necessary regulatory licenses, and building relationships with stakeholders. Revolut, one of Europe’s most valuable private tech companies, continues to be a significant player in the global FinTech scene.