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Fintech startup Revolut has its own banking license in the European Union since late 2018. The Bank of Lithuania has granted a specialized license — it isn’t a full-fledged license per se, as it focuses on some activities. Right now, Revolut takes advantage of its banking license in two countries — Poland and Lithuania.
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Sweden, Denmark, Norway, Finland, Spain, and Andorra are the first six countries it’ll be available in, before it expands to the following 14 territories next year: Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Moldova, Montenegro, North Macedonia, Poland, Portugal, Romania, Serbia, Slovakia, and Slovenia.
So we get on par with countries like France, Portugal, Estonia, Croatia, and the Netherlands. TechCrunch: The startup law also provides for trial licenses for startups in regulated industries — which can apply to test products for, I think, up to a year. First, in there, we are creating a new visa category that is digital nomads.
Our data licensing and API with X is an incredible business. It added that, unlike its competitors TikTok and Instagram, Twitter hasn’t struck a music licensing deal for the use of copyrighted music. The operational run rate right now… we’re pretty close to break even.” “Our Our new subscription business [is] growing,” Yaccarino said.
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