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Revolut Awaits UK Approval for Consumer Credit Services

7/7/2025

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Summary

Story summary

Digital lender Revolut is in a holding pattern, eagerly awaiting UK regulatory approval to launch its consumer credit services. Despite submitting its application last year, the company has yet to secure a consumer credit license from the Bank of England’s Prudential Regulation Authority and the Financial Conduct Authority, leaving its ambitions in limbo.

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Story summary

Digital lender Revolut is in a holding pattern, eagerly awaiting UK regulatory approval to launch its consumer credit services. Despite submitting its application last year, the company has yet to secure a consumer credit license from the Bank of England’s Prudential Regulation Authority and the Financial Conduct Authority, leaving its ambitions in limbo.