Does Revolut Have a Banking Licence?

LONDON (Reuters) - London-based financial technology startup Revolut said on Monday it had completed the first step to apply for a U.S. banking licence, and is launching its services for businesses across 50 states.

Does Revolut have a banking license?

Revolut has launched as a bank in 10 Central European countries using a Lithuanian banking license. The startup has also applied for a UK banking license and hopes to achieve profitability this year. Revolut broke even in December and was valued at $5.5 billion in 2020 after raising $500 million.

Does Revolut have a UK banking license?

Revolut now offers fully protected bank accounts in 11 European markets. ... Earlier this year, Revolut finally submitted its application for a UK banking licence after operating as an e-money institution for nearly six years.