Revolut’s scale and fee-driven growth mask underdeveloped lending; the FT argues that securing banking licenses and executing an IPO will be essential to sustain its valuation and transition into a fully fledged bank.
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How Revolut became a verb - if not yet a lender
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With a potential IPO and more regulatory green lights to grow its banking services, Revolut’s highly profitable model — the company saw pre-tax profits surge last year by 57 per...
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