A high-profile $800 million investment led by SoftBank Group propelled U.K. online payments company Revolut to a $33 billion valuation last year, making it one of the most valuable private fintech companies in the world.
Yet barely a year later, Revolut suffered a significant setback. The Japanese government in September hit its local unit with an administrative disciplinary action — the first targeted at a holder of a money transfer license in eight years.