Bloomberg is reporting that neobank giant Revolut has received approval from UK financial regulator The Financial Conduct Authority (FCA) as an investment firm, which will permit it to expand its services from banking and payment services to include stock and CFDs trading.
Revolut is currently regulated by the FCA as an Authorised Electronic Money Institution. Its listing on the FCA register does not yet show an investment firm license, but that might have been granted via a different company, or might be added to the FCA website shortly.
The news comes two months after we reported exclusively here at FNG that Revolut is entering the EU CFDs trading business with a new brand called Revolut Invest. The Revolut Invest app was made available for download on the Apple…
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