Revolut received a banking license in the UK 📎 Source Bloomberg (https://www.bloomberg.com/news/articles/2026-03-11/revolut-set-to-secure-full-uk-banking-license-unlocking-lending?srnd=phx-economics-v2)
A big step for the company. Revolut has received a full UK banking license after almost 5 years of waiting.
What this does: 📑 Revolut officially becomes a bank in the UK 💳 Will be able to issue loans and launch a full range of banking products 🔓 Customer deposits are now protected by the Financial Services Compensation Scheme 📊 The license simplifies further global expansion
Revolut today serves 13 million customers in the UK and plans to grow to 100 million customers across 100 markets.
📌 A big step towards a global bank - and a possible IPO.