Loading...
Market
Will Revolut hold more than £50,000 in total customer deposits by December 31, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official financial statements from Revolut
Story
Revolut Secures Preliminary UK Banking License with Restrictions After Three-Year Wait
Jul 25, 2024, 08:10 AM
Revolut has secured a preliminary UK banking license from the country's regulators after a three-year wait. The license, granted by the Prudential Regulation Authority, comes with certain restrictions, including a limit on holding only £50,000 of total customer deposits. This development allows Revolut to offer overdrafts, loans, savings products, and potentially crypto services to its more than 9 million UK customers. The fintech firm, which has around 45 million customers globally, views this as a significant milestone that will improve the economics of its core UK business and open up new offerings in the future. Revolut, Europe's most valuable fintech company, aims to achieve a valuation of more than $40 billion through a planned share sale.
View original story
Similar markets
Less than $400M • 33%
$400M to $500M • 33%
More than $500M • 33%
Below $45 billion • 25%
$45 billion to $50 billion • 25%
$50 billion to $55 billion • 25%
Above $55 billion • 25%
