Revolut finally receives UK banking licence after three-year wait
by Kalyeena Makortoff Banking correspondent from World news | The Guardian on (#6PFJ1)
Move paves way for fintech firm to hold customers' deposits and offer own-branded loans, including mortgages
Revolut has secured a UK banking licence - with restrictions" - more than three years after Britain's most valuable fintech firm lodged its application with regulators.
It is a milestone for the company, and will help pave the way for an eventual stock market listing, but it may still be some time before it can hold its customers' deposits.
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