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Klarna receives regulatory approval to take on Monzo and Revolut Swedish fintech Klarna has received an electronic money institution licence from the Financial Conduct Authority, setting the firm up to compete with UK firms Monzo and Revolut The licence will
Revolut weighs buying US bank to get licence - Financial Times Revolut is weighing buying a US lender in a bid to get an American banking licence rapidly, as the UK’s biggest fintech continues its wait to clinch a similar accreditation in its home country
Why is Monzo struggling more than Revolut? - Kapronasia One possible reason for Revolut’s confidence is that it has a larger war chest than Monzo Revolut has raised more than US$916 million overall, compared to Monzo’s US$396 million Additional money could help Revolut better weather tough market conditions However, Revolut also has higher costs given its bid to go global at warp speed
Treasury woos Monzo and Revolut bosses amid plea for London . . . The Treasury has made advances towards key players in the UK fintech sector, such as Monzo and Revolut, on Tuesday, with the aim of encouraging these high-value unicorns to consider floating on the London Stock Exchange