Revolut Denies Claims of Improperly Acquiring Bank License

UK based digital bank Revolut has strongly denied claims that they interfered in Lithuanian politics when acquiring their banking license; Revolut was granted a European Banking License in Lithuania this past December and a member of their Parliament made the claims of impropriety; the startup denies any claims they are acting on behalf of Russian interests because their founder and CEO has a Russian background; the company takes the allegations seriously and believes this should not be taken lightly, calling the claims fearmongering. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.