According to Financial Times, the company sees the current coronavirus crisis as an opportunity to snap up cash-strapped fintechs, with a focus on travel companies.
Revolut is also looking forward to obtaining a UK banking licence, after having operated in the UK for five years without one. Earlier this week, Revolut officially launched as a fully-fledged bank in Lithuania, operationalising its European Banking Licence, and allowing its 300.000 Lithuanian customers to insure their deposits up to EUR 100.000.
Revolut received its European Banking Licence from the Bank of Lithuania in late 2018 and says it plans to offer credit cards and loans in the coming months.
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