Revolut cards is seen in this illustration photo taken in Krakow, Poland on March 29, 2024. British fintech startup Revolut said on Thursday that it had received a banking license with restrictions from the U.K.'s Prudential Regulation Authority, bringing to an end a three-year wait. The London-headquartered firm now has time to build up its U.K. banking infrastructure and operations ahead of officially launching. Revolut first applied for its banking license in 2021, but it has faced lengthy delays. A U.K. banking license will allow Revolut to take customer deposits and also issue products like loans and credit cards.

---

Persons: Francesca Carlesi, Revolut, Revolut's financials, — CNBC's Ryan Browne Organizations: Prudential, Authority, Barclays, CNBC Locations: Krakow, Poland, British, London, U.K