All Insights|Future Nexus
fintechFebruary 12, 2019

Revolut Denies Claims of Improperly Acquiring Bank License

UK based digital bank Revolut has strongly denied claims that they interfered in Lithuanian politics when acquiring their banking license; Revolut was granted a European Banking License in Lithuania this past December and a member of their Parliament made the claims of impropriety; the startup denies any claims they are acting on behalf of Russian interests because their founder and CEO has a Russian background; the company takes the allegations seriously and believes this should not be taken lightly, calling the claims fearmongering. Source.