Revolut is a full-fledged bank on the islands. British supervision gives the green light

Revolut Bank UK Ltd has received approval from the Prudential Regulation Authority (PRA) to exit the preparatory phase and commence operations as a full bank in the UK, Revolut announced in a press release.

Revolut will begin rolling out current accounts to new customers over the next few days, starting with a small group and expanding access step by step over the coming weeks, it said. In the coming days, customers will be informed about the migration to the new bank – this process is expected to take up to several months in total.

Revolut was founded in 2015 and has over 70 million customers. The group recorded revenues of USD 3.8 billion in 2024 and a valuation of USD 75 billion in its last financing round, which took place in 2025. The company employs over 10,000 people. people in 40 countries. (PAP Business)

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