Revolut, a UK-based neobanking platform, has obtained its UK trading license from the Financial Conduct Authority (FCA).
The new license allows Revolut Trading to operate as an authorized investment firm and expand its product offerings for its 650,000+ UK trading customers.
Additionally, the company plans to introduce UK and EU stocks and ETFs and update its trading platform soon.
Analyst QuickTake: This July—after a three-year wait—Revolout secured its UK banking license from the Prudential Regulation Authority (PRA). These regulatory licenses position the company to offer a wider range of financial services in the UK and set it toward a potential IPO, despite the company not confirming such plans. Following an employee share sale transaction , Revolut was valued at USD 45 billion in August 2024 .
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