Revolut Gains UK Trading Licence, Expands Investment Horizons
Fintech Leader Revolut has obtained a UK trading licence from the Financial Conduct Authority (FCA), solidifying its position as an investment firm. This pivotal approval enables the company to provide trading services for UK and EU-listed stocks and ETFs, with operations slated to commence in 2025.
Driving Wealth Management Services
Francesca Carlesi, UK CEO, stated, “Today marks another important milestone for Revolut,” highlighting the licence as a gateway to enhanced financial services. Yana Shkrebenkova, CEO of Revolut Trading, echoed this, affirming their commitment to empowering all customers with informed investment tools.
Revolut already serves over 650,000 trading clients in the UK, with its broader platform boasting 45 million users globally across 38 countries. In 2023, it achieved $2.2 billion in revenue, continuing three consecutive years of profitability.
50 million customers in 38 markets over 9 years.
That's a milestone worth celebrating 🎉
Thank you to every single customer across the world who’ve helped us hit this milestone. Let’s keep revolutionising the way the world does money, every day.
The licence not only enhances Revolut’s offerings but also positions the firm to compete with established UK brokers, marking a significant step in its diversification strategy.
Summary
Revolut’s UK trading licence represents a transformative step, reinforcing its ambition to evolve into a comprehensive, globally competitive financial platform.
