Revolut's Banking License Journey

Revolut is Europe’s most valuable private tech company — and is set to become even more so soon, with a fundraise in the works which would see it valued at a reported $65m. 

The digital bank manages to churn out new features at breakneck speed — from pet insurance to travel bookings, and now mortgages and mobile plans — despite having over 50m customers around the world. The secret? Its “new bets team”: small, startup-like squads tasked with testing and scaling new products fast.

On this episode of Startup Europe — the Sifted Podcast, fintech reporter Tom Matsuda joins host Amy Lewin to dig into how this team works — and whether the strategy is paying off. They also discuss the status of Revolut’s UK banking licence, the latest on its long-awaited IPO and what it’s like working with cofounders Nikolay Storonsky and Vlad Yatsenko.