Digital bank Revolut still needs billions of dollars in annual sales before it can go public, according to a Bloomberg report.
Jon Fath has been previously CEO of logistics automation group Transmetrics and has just become the new COO of digital bank Bunq.
The Amsterdam-based challenger bunq announced that British investor Pollen Street Capital is investing 193 million euros in the bank.
Revolut is reportedly in talks with SoftBank about a funding round worth between $750 million to $1 billion with a deal expected to be a few weeks away.
UK challenger Starling Bank gets an extension to previously oversubscribed Series D round by Goldman Sachs Growth Equity investing £50 million.
Revolut is about to step into new fundraising and the new valuation of the company is expected to be at more than $10bn (£7.2bn).
The UK challenger Starling Bank announced a £272 million Series D funding round led by Fidelity Management & Research Company.
Revolut has secured itself a US broker-dealer license and is now about to compete in the trading app market, according to CNBC.