Revolut is preparing to introduce U.K.-listed stocks to its trading platform in the coming days, marking a significant milestone in its ongoing efforts to expand its financial services offering and strengthen its position within the U.K. regulatory framework.
This move follows the company’s acquisition of a U.K. trading license from the Financial Conduct Authority (FCA) in November. With over 800,000 U.K. customers already engaged in trading U.S. and European equities through the app, Revolut is now poised to enhance portfolio diversification for retail investors by offering direct access to the local stock market.
“We are including U.K. stocks in our offering as we’ve seen interest from our U.K. customers to get exposure to the local economy and diversify their portfolio further,” said Yana Shkrebenkova, CEO of Wealth and Trading U.K. at Revolut.
As an authorized investment firm, Revolut Trading can now offer a broader suite of regulatory-compliant products, including U.K. and EU equities and exchange-traded funds (ETFs). Prior to this development, the fintech operated under an appointed representative model, enabling U.S. stock trading within its app since 2019.
Revolut’s strategic expansion reflects its commitment to regulatory compliance, financial innovation, and enhancing customer experience through scalable, secure investment services. The firm continues to emphasize compliance automation, regulatory technology solutions, and robust internal controls as it rolls out new features.
“Having launched our successful investment product five years ago, we strive to bring best-in-class investment products to our customers in the U.K.,” Shkrebenkova stated during the licensing announcement. “We are working hard to deliver what our customers want, rolling out new features safely and considerately.”
In tandem with its product expansion, Revolut is also scaling its U.K. banking operations. As reported in March, the company is onboarding 100 new hires and aims to double its banking division headcount to 200 by year-end, following the receipt of its British banking license last summer.
With ambitions to become a comprehensive global financial services app, Revolut is laying the groundwork for future offerings, including loans, overdrafts, and mortgages. The company is also reportedly preparing for a potential initial public offering (IPO), signaling a new chapter in its regulatory growth and global expansion journey.
As the RegTech landscape continues to evolve, Revolut’s approach exemplifies the power of compliance-driven innovation in shaping the future of digital financial services.
Comments