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NEWS: Revolut rebukes cost-cutting claims

By Alisha Houlihan for AMLi

Financial technology company, Revolut has rejected reports it was conducting a major cost review and blasted the claims as “misleading and incorrect”.

The fintech, which boasts a $33BN (€32.4BN) valuation, said it has increased its “overall headcount budget” and announced a “hiring spree in certain teams” after adding staff to its crypto division across Europe, City AM reports.

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