CNBC Technology·2 min read

Revolut acquires full UK banking license after years-long wait

Revolut secures full banking license in the UK.

Revolut has finally secured a full banking license in the UK, enabling it to offer a broader range of financial products, including lending, after a protracted application process that began in 2021. The company, which achieved a valuation of $75 billion in 2025, views this milestone as crucial for its growth strategy in its home market, according to CEO Nik Storonsky.

Key Takeaways

  • 1.

    Revolut's valuation reached $75 billion in 2025, making it one of Europe's top tech firms.

  • 2.

    The company plans to launch in 30 new markets by 2030, expanding its global reach.

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Revolut acquires full UK banking license after years-long wait | Trace