Tag: Balderton Capital

FinTech Giant Revolut Removes Another Barrier To Receive UK Banking License!

Compliance Ben - October 5, 2023

FinTech unicorn Revolut is streamlining its ownership structure in collaboration with investor SoftBank, paving the way for a long-awaited banking license in the UK. After prolonged discussions, Revolut and SoftBank have reached an agreement. SoftBank had previously sought significant compensation for relinquishing its preferential share class. To secure a UK banking license, Revolut must eliminate preferential shares held by investors, including SoftBank.

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