Europe Pressures Revolut: Taking Too Much Money for Itself 0 17

According to them, in the summer of 2025, the ECB temporarily restricted the European division of Revolut from launching new products in the European Economic Area until the "deficiencies" in the approval processes were addressed.

The bank was instructed to conduct an independent review of its risk management. The ECB required Revolut to reassess its staffing, skills, competencies, and the independence of existing approval methods, FT's sources noted.

Outside the block, restrictions for the European division of Revolut were even stricter, hindering acquisitions or attracting new customers outside the continent.

FT was unable to determine whether all ECB restrictions had been lifted or if some remained in place. However, the publication reminded that over the past year, Revolut launched a number of products — including mortgage loans, accounts for teenagers, and branches — across Europe and expanded its customer base.

This comes amid Europe lagging behind the US in developing leading startups, as the regulatory environment stifles growth and innovation, FT notes. It also recalls that Revolut's owners mocked British regulators for their sluggishness and "principled orientation." As a result, Revolut only obtained a full banking license in the UK in March 2026 after a "years-long stalemate" in negotiations.

According to FT sources, Revolut is currently conducting another share sale, resulting in its valuation reaching $115 billion. If the company were public, it would become the seventh-largest bank in Europe by market value, surpassing Barclays, BNP Paribas, and CaixaBank.

At the same time, the company, launched in the UK just over ten years ago, informed investors of plans to go public with a valuation of $200 billion. If this goal is achieved, Revolut's market capitalization would surpass most European banks, including UBS and Santander, FT notes.