Revolut Launches Robo-Advisor In The US, Expanding 'Super App' Offerings
Portfolio Pulse from Benzinga Newsbot
Fintech company Revolut has launched a robo-advisor service in the United States, expanding its 'super app' offerings. The robo-advisor feature provides users with a range of investment options and automated portfolio management tools. As Revolut enters the U.S. robo-advisor market, it faces competition from established players like Charles Schwab (NYSE:SCHW), Robinhood (NASDAQ:HOOD), and SoFi Technologies Inc. (NYSE:SOFI).
June 29, 2023 | 8:52 pm
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NEGATIVE IMPACT
Robinhood could face increased competition as Revolut enters the U.S. robo-advisor market.
Revolut's entry into the U.S. robo-advisor market could potentially take away some market share from Robinhood, leading to a negative impact on its stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Charles Schwab could face increased competition as Revolut enters the U.S. robo-advisor market.
Revolut's entry into the U.S. robo-advisor market could potentially take away some market share from Charles Schwab, leading to a negative impact on its stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
SoFi Technologies could face increased competition as Revolut enters the U.S. robo-advisor market.
Revolut's entry into the U.S. robo-advisor market could potentially take away some market share from SoFi Technologies, leading to a negative impact on its stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50