Analysis

August 12, 2025

Revolut still doesn’t have its full UK banking licence. What’s going on?

Europe’s most valuable fintech is still awaiting final sign-off before it can roll out banking services in its home market


Tom Matsuda

5 min read

Revolut cofounder Nik Storonsky

Last July, Revolut finally obtained its long-awaited UK banking licence. The authorisation followed a gruelling three-year process, in which regulators scrutinised the company’s accounts and operations. 

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Tom Matsuda

Tom Matsuda is a fintech reporter at Sifted and writes our weekly fintech newsletter. Find him on X and LinkedIn

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