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The Guardian - UK
The Guardian - UK
Business
Anna Isaac City editor

Fintech firm Revolut moves closer to UK banking licence after first annual profit

A Revolut logo
Revolut says revenues topped £850m in the year to December 2022. Photograph: Mateusz Słodkowski/Sopa/Rex/Shutterstock

Revolut, the UK’s most valuable fintech company, claims it is at the “finish line” of winning a UK banking licence, as much-delayed accounts revealed its first annual profit.

The company has been praised as a high-growth success story by leading UK politicians including the chancellor, Jeremy Hunt, but it has also been criticised for the late filing of accounts, as well as EU regulatory breaches and fines.

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