{"text":[[{"start":10.95,"text":"Revolut’s highest-paying subscribers have lost access to a host of WeWork offices without warning after Europe’s biggest fintech balked at an increase in the shared workspace provider’s fees."}],[{"start":20.742,"text":"Users of Revolut’s premium plans have lost access in recent weeks to some of WeWork’s most in-demand European sites that had previously been included in their membership benefits, according to people familiar with the matter."}],[{"start":34.08,"text":"Revolut did not notify subscribers of the changes, which affected WeWork “on demand” sites in cities including Paris, Brussels, Milan, London, Edinburgh, Dublin and Prague, the people added."}],[{"start":44.8,"text":"The changes came after WeWork sought to charge Revolut more for granting its customers access to its sites, prompting the companies to renegotiate their deal to “avoid withdrawing the benefit or passing increased costs” on to subscribers, said one person familiar with the matter."}],[{"start":60.34,"text":"Revolut’s partnership with WeWork is regarded as a key attraction for its higher-tier subscribers, who account for a growing slice of the fintech’s revenues."}],[{"start":70.88,"text":"The fintech generated more than £700mn in revenues from subscriptions in 2025, a jump of nearly 70 per cent on the previous year."}],[{"start":78.642,"text":"The London-headquartered group has sought to attract paying subscribers by offering perks such as WeWork access, gym classes, premium dating apps and media subscriptions through partnerships with third parties. The subscriptions cost far less than the amount a customer would pay if they were to sign up to all of the services directly from the providers."}],[{"start":97.68,"text":"Revolut’s “ultra” subscription plan, which costs £55 per month, gives users three one-day passes to WeWork sites each month, while the lower-tier “metal” membership includes one pass as part of a £14.99 a month package."}],[{"start":112.071,"text":"WeWork cited “economic factors” for its decision to scale back access to Revolut customers, adding that the decision reflected “increased occupancy levels and demand” in certain locations."}],[{"start":123.541,"text":"The changes leave Revolut subscribers without access to any WeWork sites in several major European cities such as Brussels, Edinburgh and Milan. Subscribers also can no longer access any site in Paris, where Revolut is preparing to open a new European headquarters."}],[{"start":140.08,"text":"Under Revolut’s new agreement, which came into effect at the beginning of August, premium subscribers have access to about 265 WeWork sites. More than half of these are in the US, where Revolut has a much smaller footprint compared with its presence in Europe."}],[{"start":155.04,"text":"One person familiar with the negotiations said the original partnership had been struck at a rate significantly below market levels, adding that the price being paid by Revolut under the new deal was still competitive."}],[{"start":167.458,"text":"Revolut said: “While benefit availability can change due to various requirements, we remain committed to offering our members access to premium workspace solutions and other global lifestyle benefits.”"}],[{"start":184.97,"text":"WeWork said Revolut remained a “valued partner”, adding that it would continue to provide the fintech’s subscribers with flexible workspace access “across our global portfolio”."}],[{"start":192.48,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1786520554_7142.mp3"}