TechCrunch
JANUARY 11, 2021
It’s hard to believe that fintech startup Revolut doesn’t have a proper banking license in its home country. But this is about to change as the company has applied for a banking license in the U.K. Revolut already has a banking license in the European Union. Revolut gets European banking license in Lithuania.
TechCrunch
MARCH 3, 2021
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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TechCrunch
SEPTEMBER 20, 2022
Revolut, which has a banking license in Lithuania, wouldn’t say exactly how many customers were affected. “Customers who have not received an email have not been impacted.”. Its website says the company has approximately 20 million customers; 0.16% would translate to about 32,000 customers.
TechCrunch
MARCH 22, 2021
The company recently announced that it was applying for a banking license in the U.K., In Europe, Revolut has a specialized license from the Bank of Lithuania — some customers are already moving their account to Revolut Bank. Revolut currently has 15 million customers for its financial super app — most of them are in the U.K.
TechCrunch
MARCH 1, 2023
While Revolut has yet to obtain a banking license in the U.K. its home country), the company now has a full banking license in Lithuania. It can use this license across the European Economic Area through passporting rules , which means that Revolut could be considered as a bank in Europe.
TechCrunch
JUNE 28, 2022
“I used to run the product team at a fintech startup in Lithuania, and one of my responsibilities was compliance and fraud prevention,” Ozkan said in an email interview. Ozkan is the founder of Flagright , a startup that aims to prevent financial crime, like money laundering or terrorist financing, with an API-first product.
TechCrunch
SEPTEMBER 7, 2021
There are plenty of reasons why Vilnius, Lithuania’s capital city, has an increasingly visible startup sector. Lithuania is now fourth in the global fintech ranking after the U,S,, the U,K, and Singapore. Lithuania’s life sciences sector is gaining prominence. But what are the locals excited about on the ground?
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