Fintech

Revolut finally gets UK banking licence

Fintech receives approval from regulators after three years of trying

Europe’s most valuable startup hits a key milestone
Europe’s most valuable startup hits a key milestone Photo: Getty Images/Jakub Porzycki

Revolut has finally received a banking licence after a years-long battle with UK regulators.

The fintech announced on 25 July that the Prudential Regulation Authority had given its approval, with certain restrictions.

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