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Revolut to cash in on meme stock hype with robo adviser and trader tracking

Digital bank has around 10 new bets in progress in hunt for profit

Revolut reported almost 41m in revenue from its wealth products last year
Revolut reported almost 41m in revenue from its wealth products last year Photo: Getty Images

Revolut is developing an in-house robo advisory platform and trialling a tool that allows users to track the top performing portfolios of traders on its app, as the digital bank pounces on gains from the GameStop trading frenzy earlier this year.

The digital bank is building an automated wealth manager that will allow users with larger portfolios to allow a digital assistant to make investment decisions on their behalf.

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