Revolut is drawing up plans for five different credit card products in the UK, as the fintech accelerates its push into lending after finally winning a banking licence in its home country.
Speaking at Money20/20 in Amsterdam, Revolut’s UK CEO Francesca Carlesi said the company was “passionate” about credit cards and confirmed the products would go live “soon”.
The move marks another step in Revolut’s efforts to diversify revenues beyond payments and subscriptions.
Revolut has increasingly focused on lending since securing its UK banking licence, enabling it to expand its product range and grow interest income.
Carlesi said the licence would help Revolut broaden its offering while also strengthening customer trust. Alongside credit cards, the fintech is exploring further growth in personal loans and wealth management.
“The legacy banks have historically been under-serving a lot of very important customers and products,” she said, arguing there remains significant untapped demand across different customer segments.
Wealth management has become a key battleground for banks and fintechs seeking more stable fee-based revenues.
Carlesi said many providers have raised minimum investment thresholds, limiting access for customers with meaningful assets but who fall short of traditional private banking requirements.
Revolut, which boasts more than 75m customers globally, sees an opportunity to target that segment. While Carlesi said the company would not compete with investment banks “on a Goldman level” for now, she added Revolut is “very focused on where we can win”.
