Just came here to post this!
I have Revolut and will most likely look at it more seriously now that it has FSCS protection.
I presume they want a slice of credit card and/or loans pie, not entirely sure what else they will offer additionally that they don’t already? BNPL ?
I’d like to see an integrated foreign currency account al la Starling. Shouldn’t be a stretch, methinks.
What’s the difference between the Starling and Revolut Euro accounts?
Probably nothing. I’m interested to see how it will work in practice.
Revolut has placed London at the top of its list of destinations for a stock market float, The Mail on Sunday understands.
The fintech giant, which last week finally received a UK banking licence following a five-year wait, is said to have put the City in ‘pole position’ for a future listing following discussions with officials at the London Stock Exchange.
Boasting an estimated value of £56 billion, the company is also thought to have been encouraged by indications that it would swiftly enter the FTSE 100 index of blue-chip British firms should it opt for a UK listing.
Revolut’s preference for a London float marks a stark change in what had previously been a tempestuous relationship between the fintech’s billionaire boss, Nik Storonsky, and Britain’s financial regulators.
The company first applied for a UK banking licence in 2021 and, two years later, said approval was ‘imminent’.
But there was a hiccup when the company’s then-auditor said £477 million of revenue – about three-quarters of turnover for 2021 – could not be verified and may have been misstated.
https://www.thisismoney.co.uk/money/markets/article-15645847/Revolut-eyes-London-60bn-float.html