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This marked Revolut’s first financial institution established outdoors of Europe and turn into the primary impartial digital bank to safe a Mexican banking licence through a direct application. In September 2025, Revolut secured in-principle approval for payments licence from the UAE. Revolut was additionally granted a British banking licence the next month, although with restrictions through the standard «mobilisation» stage. Financially, despite its growth, the corporate reported £25m loss in 2022 amid ongoing uncertainty concerning the UK banking licence. Moreover, in July 2023, a flaw in its US cost system led to the lack of $20 million in company funds to legal teams between late 2021 and early 2022, though a variety of the money was later recouped.
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