Revasum: Appoints new COO and provides outlook update

Revasum Appoints new COO and provides outlook update

  • Revasum (RVS) has appointed Alejandro Garcia as the company’s Chief Operating Officer
  • Mr Garcia will be responsible for leading the company’s operational processes and a planned infrastructure scale-up
  • Meanwhile, the platform continues to forecast total revenue of between US$13.3 million (A$16.7 million) and US$15.6 million (A$21.9 million) will be achieved in FY21
  • Looking further ahead, Revasm expects US$25 million (A$35.11 million) to US$35 million (A$49.2 million) worth of revenue to be generated in FY22
  • RVS shares ended Tuesday trading at 57 cents per share
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Mastercard Launches BIN Sponsorship Programme for UK Fintechs

New initiative aims to support fintech innovation in the UK market.Highlights: Mastercard unveils BIN sponsorship programme for UK...

UAE Central Bank Trials Palm Payments, Amazon Abandons Technology

UAE's innovative palm payment trials contrast with Amazon's decision to discontinue similar tech.Highlights: UAE Central Bank begins trials...

Checkout.com Acquires Euro Stablecoin Issuer Blue for Expansion

The acquisition strengthens Checkout.com’s capabilities in the stablecoin market.Highlights: Checkout.com has acquired Blue, a euro stablecoin issuer.The acquisition...

Ex-Revolut Staffers Secure $6M for Self-Custodial Money App

Former team members aim to reshape financial independence with new app.Highlights: Ex-Revolut staffers raise $6M in funding.New app...