tech
March 11, 2026
Revolut acquires full UK banking license after years-long wait
The UK-based startup hit a valuation of $75 billion in 2025 and is one of Europe's most valuable private tech companies.
TL;DR
- Revolut has finally acquired a full UK banking license after a years-long wait.
- The license allows Revolut to offer new products, including lending, to UK retail and business customers.
- This is a significant step for Revolut, one of Europe's most valuable private tech companies, in its mission to become a global bank.
- The company previously held a restricted license limiting customer deposits to £50,000.
- Revolut plans to launch in 30 new markets by 2030 and currently serves 70 million customers.
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