Revolut receives long-awaited UK banking license
This is a significant milestone for the London-based fintech company, particularly since it has been trying to secure this license since 2021.
Revolut has been granted a banking license from the Prudential Regulation Authority (PRA) in the U.K. This is a significant milestone for the London-based fintech company, particularly since it has been trying to secure this license since 2021.
Revolut has 45 million customers around the world, but its home market remains its most important one, with 9 million clients. The fintech also offers more products and services in the U.K. than in many other markets.