Revolut's UK Banking License*

- License Granting: Revolut has been granted a UK banking license after a three-year regulatory approval process.
- Mobilization Stage: The license is in the mobilization stage, allowing Revolut to build its operations under certain restrictions.
- No Immediate Changes: During this stage, nothing changes for Revolut's UK customers.
- Future Plans: Revolut aims to offer full banking services, including current accounts, overdrafts, loans, and deposit accounts.
- Security: Customers will have the security of up to £85,000 protection under the Financial Services Compensation Scheme (FSCS).
- Global Expansion: Revolut has also secured banking licenses in the EU and Mexico, with plans for further global expansion.
- Valuation: The company aims for a $45 billion valuation through a secondary share sale round, supporting further growth and innovation.