Revolut secured a UK banking license after a three-year regulatory process, marking a significant milestone in its expansion and solidifying its position in the home market.
Revolut, the London-based fintech company, finally secured a banking license in the United Kingdom after a protracted three-year regulatory approval process.
This significant milestone, announced on July 25, marks a pivotal moment for the company as it strengthens and solidifies its position in its home market.
The UK’s Prudential Regulation Authority granted the license with certain restrictions, allowing Revolut to gradually build out its banking operations before a full-scale launch.
