Revolut's Big Decision: UK or US IPO Next?

Hey FinTech Fanatic!

With its UK banking license secured, Revolut now must choose between an IPO in the UK or the US. Last week, Revolut achieved a significant milestone by obtaining a UK banking license from the Prudential Regulation Authority, in what is likely to be one of the biggest industry news stories this summer.

Revolut has been operating with a full EU banking license since 2021 and recently secured a license in Mexico earlier this year. However, acquiring a UK license, given that the UK is both its home base and largest single-country market, has been considered vital for its continued expansion.

Before this, Revolut faced limitations in the UK, being unable to offer some of its products and potentially being viewed less favorably by regulators in other countries where it is also seeking licenses, especially in the US.

With the UK license now in hand, Revolut is at a crossroads: it can either capitalize on its UK origins with a London-based IPO or set its sights on the US to drive more robust growth.

Where do you think Revolut will choose to IPO: the UK or the US? Let me know👇

Cheers,

Marcel

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