UK ministers ask to meet Revolut amid reports it may be refused licence

Britain's most valuable fintech firm has criticised regulatory hurdles that it says could drive it abroad

Senior government ministers have asked to meet the bosses of Britain's most valuable fintech firm, Revolut, amid reports that the company's banking licence application may be refused by UK City regulators.

The Guardian understands that the stated intention of the meeting is to discuss the government's growth agenda but it comes amid a series of complaints from businesses including Revolut over regulatory hurdles that their bosses claim could drive firms abroad.