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But we saved everything 🙂.
Revolut has received its full UK banking licence, a significant milestone after four years and growth to 70 million customers.
Tweet author Simon Taylor notes that the absence of this banking licence had previously limited Revolut's ability to lend at scale in its home market, despite achieving a $75 billion valuation. The licence now enables Revolut to expand lending operations in the UK.
Revolut’s advance underscores wider shifts in the fintech landscape, where the expansion of lending capabilities often marks a pivotal growth phase for major players. Similar dynamics were recently observed as Simon Taylor assessed how workforce strategies drove a $6 billion market cap surge for Block’s stock, highlighting the profound impact of operational decisions on valuation. The emergence of innovative solutions in the sector also draws parallels to Payoneer’s integration of stablecoins for over 2 million users globally, signaling that regulatory milestones and new technologies continue to reshape competitive strategies across financial services.