Table of Contents
Audit: Revolut has struggled to obtain a UK banking license
Revolut welcomed the green light from its auditor as it continues its battle to obtain a UK banking license.
The UK chief executive of the financial app, Francesca Carlesi, said yesterday that the app was “progressing well”.
But he added that there was no timetable for when Revolut might obtain a license.
More than a year ago, the company said regulatory approval was “imminent” and the license would be granted “any day now.”
Revolut also reported group revenue of £1.8 billion and £439 million in profits.
It was the first time in three years that Revolut published its annual report before the deadline.
Getting its accounts in order has been seen as a crucial step on the road to obtaining a licence after applying to the Bank of England in 2021.
DIY INVESTMENT PLATFORMS
![Revolut auditor gives banking app thumbs up as license battle continues 7 Easy investment and ready-to-use portfolios](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
AJ Bell
![Revolut auditor gives banking app thumbs up as license battle continues 7 Easy investment and ready-to-use portfolios](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
AJ Bell
Easy investment and ready-to-use portfolios
![Revolut auditor gives banking app thumbs up as license battle continues 9 Free investment ideas and fund trading](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_749_Britains-pay-rises-forecast-to-slow-for-the-first-time.jpg.webp)
Hargreaves Lansdown
![Revolut auditor gives banking app thumbs up as license battle continues 9 Free investment ideas and fund trading](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_749_Britains-pay-rises-forecast-to-slow-for-the-first-time.jpg.webp)
Hargreaves Lansdown
Free investment ideas and fund trading
![Revolut auditor gives banking app thumbs up as license battle continues 11 Flat rate investing from £4.99 per month](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_266_Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
interactive investor
![Revolut auditor gives banking app thumbs up as license battle continues 11 Flat rate investing from £4.99 per month](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_266_Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
interactive investor
Flat rate investing from £4.99 per month
![Revolut auditor gives banking app thumbs up as license battle continues 13 Stock Investing: Community of Over 30 Million](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_634_Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
eToro
![Revolut auditor gives banking app thumbs up as license battle continues 13 Stock Investing: Community of Over 30 Million](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_634_Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
eToro
Stock Investing: Community of Over 30 Million
![Revolut auditor gives banking app thumbs up as license battle continues 15 Free and commission-free stock trading per account](https://media.sailthru.com/composer/images/sailthru-prod-626/trading%20212%20logo.jpg%20)
Trade 212
![Revolut auditor gives banking app thumbs up as license battle continues 15 Free and commission-free stock trading per account](https://media.sailthru.com/composer/images/sailthru-prod-626/trading%20212%20logo.jpg%20)
Trade 212
Free and commission-free stock trading per account
Affiliate links: If you purchase a product This is Money may earn a commission. These offers are chosen by our editorial team as we believe they are worth highlighting. This does not affect our editorial independence.
Compare the best investment account for you