Revolut has finally secured a UK banking licence, ending a prolonged threeyear struggle with regulators, which is a significant boost for its expansion plans in its home market.  The Prudential Reg...

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- Revolut has finally secured a UK banking licence, ending a prolonged three-year struggle with regulators, which is a significant boost for its expansion plans in its home market.
- The Prudential Regulation Authority granted the licence, overcoming previous hurdles including auditors' inability to fully verify revenue figures in the 2021 accounts.
- With this licence, Revolut can now expand its product and service offerings in the UK, its largest market, complementing its existing European banking licence from Lithuania.
- CEO Nik Storonsky expressed pride in reaching this milestone, emphasizing the company's commitment to becoming the bank of choice for UK customers.
- Despite receiving the licence with restrictions, Revolut plans to build out its UK banking operations before a full launch, aiming to leverage its 9 million UK customers and 45 million globally. 

 Source: FT

Revolut Secures UK Banking Licence After 3-Year Wait

Journalist

Revolut Secures UK Banking Licence After 3-Year Wait- Grapevine

Welcome to Business Roles's Private Community

For someone with ~2 yrs post MBA experience in mgmt consulting, exploring exits at Revolut.

1. How is the growth here? Over the next 3-5 yrs, can folks expect 15-20% CAGR cash component growth?

2. What do people do after Revolut? There aren't many mature fintechs that can pay similar?

3. How is the ESOP game playing out? Have there been any but backs? 3-5 yrs into the firm, what is the most likely ESOP allocation? 

4. I've heard working hours are like 10am-7pm. Is that accurate across most teams? Do folks work weekend?

5. How is the culture? Is there top-down aggression/ hard culture? Given everything is remote, do folks ever meet in person?

How are Revolut strategy & ops role?

Welcome to Indian Startups's Private Community

Not super bullish. Lots of $$s that they raised came from russian sources.

Europe’s largest neobank, which entered India in 2021 with plans to launch a financial super app, is now looking to offer a travel card in April.

Revolut’s India grand plans still on shelf three years on

Revolut India finally launching something?

Software Developer

Fi has a limited set of products but I wonder how are they surviving? Are things good? I think they don't spend on marketing so much as other startups. But still I have never seen anyone using a Fi product as well😅

How is Fi surviving?

Software Engineer

- Revolut is gearing up to launch its services in India next year, aiming at the country's top-tier consumers.
- The fintech received approval from India's central bank earlier this year and has been testing products in-house.
- CEO Paroma Chatterjee says they are close to resolving final system bugs and view India as a critical market.
- Revolut seeks to expand revenues outside Europe, with a focus on the Middle East and India.
- The company aims to cater to India's affluent segment, which is about 10-15% of the population. 

 Source: [Financial Times](https://www.ft.com/content/c8b1379a-dde1-4f61-80f3-3ac40b1171fc)

Revolut prepares for 2025 India launch

Hi I am scheduled to have an interview for a strategy role at revolut. Has anyone experienced the process and interview before? How was your experience?

Revolut interview experience?

Product Owner

Why did this happen? Slice already owns an NBFC license. What does this help them achieve? 
 "to better serve their shared mission and reach more consumers who currently lack access to basic banking services"

Slice merges with North East Small Finance Bank

It helps them achieve a lot. They can take deposits, extend loans, issue cards without needing a partner and maybe start mutual funds and insurance businesses. Huge W for Slice.

Product Manager

Analyst

Why is everyone leaving Jupiter?

Growth Manager

Welcome to Personal Finance's Private Community

How valuable are ESOPs from Revolut? How are the vesting rules?

Revolut ESOPs

Management Consultant

They are hiring like crazy, everyday 10 roles posted

Either this is red flag and everyone is leaving
Or it is actually hiring good

How is Revolut? Can someone refer me?

Consultant

Hello viners,
I am currently interviewing at Revolut for the above role.
Wanted to understand the comp that I can expect and the interview process better.

Please tell me about the complexity of the aptitude test and the TL interview round.

Revolut Strategy & ops insights

Hey kind people of Grapevine, sincerely wanted your help in understanding the working culture of Revolut and how the WLB and pay is? I do see some good folks working over there but not sure of the direction since they haven't launched any products yet.

Revolut Strategy and Ops??

Welcome to Moving Abroad's Private Community

Hi, recently i gave interview with meta london but got rejected in online round. What are other companies in europe which hire and pay decently to have good lifestyle so that i can travel European countries.

Got rejected by Meta but wanna travel europe

Any startup hiring for Chief of Staff / Founder's Office / Strategy & Operations Manager / Investments Strategy / Partnerships / Procurement roles?

#jobhunt #startup #banglore #gurgaon

Urgent help required

Business Development Manager

Can anybody shed some light here. Got an offer in the Strategy & Ops team.

Revolut India: Work Culture

How widely is M2P used in the fintech space? Do they have as many clients as they claim on their website?

How are their offerings in lending? Asking from a POV of a potential client to them.

M2P Fintech

Founder

Use this platform to pass inside information, which you think can be helpful had you known when it was your time. 

Revolut ( UK fintec) has three types of ranking in support specialist workflow. Graduate, junior, and mid level. Once you have gone through the test,interview, and all,they will put you in one of these three rankings based on your performance and exp. Generally Grad (0-1yoe), Junior 1-2), Mid(2/3+) .  YOE not sole critera, they can be lenient based on performance 

Grad ( 4- 5 lpa)
Junior (5-7.5)
Mid (7.5-10)

This is true for Fincrime, kyc, kyb , screening, and ongoing monitoring.

FIU and TM crypto pass 1 -2 lac more than the other.

Mid (fiu) can pay 12 lpa even with 2 yoe.

This is for support specialists' production roles.

A 4yoe + 2 yoe in TL can fetch you 15+ lpa as a TL. Again, crypto and FIU can fetch you upto 22 lpa.

Your current ctc doesn't hold you back. Revolut doesn't negotiate hard. 2 negotiations and they offer you or they don't. Its not back and forth with them. 

4.5 ctc has got 11.5 ctc there. 150% hike. 2 rounds of negotiations. Plain simple. 

If you are applying for any role. Don't hesitate to ask more, be your lawyer. These figures already exist. Maybe there are other higher figures too that i am yet to come across.

PS : I dont work there, but 6 ppl whom i supervised do.

Brothers helping brothers

How is the work culture for product designers at Revolut? And any other inside news? Heard a few friends have been reached out to by their HR on LinkedIn

Revolut Secures UK Banking Licence After 3-Year Wait

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