Fintech firm Revolut moves closer to UK banking licence after first annual profit
by Anna Isaac City editor from World news | The Guardian on (#69B5C)
Company criticised for late filing made profit of 26.3m in year to December 2021
Revolut, the UK's most valuable fintech company, claims it is at the finish line" of winning a UK banking licence, as much-delayed accounts revealed its first annual profit.
The company has been praised as a high-growth success story by leading UK politicians including the chancellor, Jeremy Hunt, but it has also been criticised for the late filing of accounts, as well as EU regulatory breaches and fines.
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