Revolut acquires full UK banking license after years-long wait
CNBC
The UK-based startup hit a valuation of $75 billion in 2025 and is one of Europe's most valuable private tech companies.
Fintech Revolut has finally acquired a full U.K. banking license after a years-long wait, unlocking its ability to offer a new range of products in the country, including lending.
The startup, which hit a $75 billion valuation in 2025 and is one of Europe's most valuable private tech companies, will be able to start offering accounts as a fully licensed bank for retail and business customers, following a protracted tussle with the U.K. regulator.
"Launching our UK bank has been a long-term strategic priority for Revolut, and marks a significant moment in our journey," Nik Storonsky, cofounder and CEO of Revolut, said in a statement.
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