Revolut has had a massive few months. A full UK banking licence, record profits of $2.3 billion, commission-free ETF investment plans, mortgages launching in Europe, a US bank charter filing, and a headline F1 partnership with Audi. So much has changed that it is worth pulling it all together in one place. In this article, I will walk you through every meaningful update from Revolut in 2026 and what each of them actually means for you as a customer.
Revolut Is Now a Fully Licensed UK Bank
On March 11, 2026, Revolut officially became a fully licensed UK bank. The application went in back in January 2021, a restricted licence was granted in July 2024, and after roughly 20 months in the so-called mobilisation phase, the regulators finally gave the green light.
The biggest change for you as a UK customer is FSCS protection. Before the licence, your money with Revolut was only safeguarded. Now it is covered up to £120,000 per person, the same protection as Barclays or HSBC.
The FSCS limit itself was raised from £85,000 to £120,000 in December 2025, so Revolut customers get the benefit of both changes at once. The licence also unlocks proper lending: personal loans, credit cards, and more over the next few years.
Free ETF Investment Plans on Every Tier
Revolut now offers commission-free ETF investment plans. You can set up recurring purchases of your chosen ETFs with zero commission, and this works on every plan, including the free Standard tier. You do not need to pay for Metal or Ultra to use it, and you can start from as little as £1 or €1 per plan.
For one-off manual trades, you still get a free monthly allowance depending on your plan: one trade a month on the free plan, up to ten on Metal. After that, it is 0.25% per trade. The catalogue has grown significantly in the last year, Revolut now offers 4,000+ stocks and ETFs combined, which is more than many dedicated apps.
That puts Revolut in a solid middle ground. The catalogue covers the majority of what a core long-term investor actually needs. There is also an FX fee of 0.5% to 1% on non-base currency ETFs unless you are on Premium or above. For someone just getting started, especially if you already use Revolut for everyday banking, the convenience is hard to beat. If you want a wider selection and lower FX costs, I have covered my picks in the best stock brokers for UK investors in 2026 and a step by step setup for Trading 212.
Mortgages Through Revolut
This is the update I am genuinely excited about. Revolut now offers mortgages. Right now it is only available in Lithuania, but it gives us a clear preview of where this is heading.
A friend of mine in Lithuania recently switched their mortgage from a local bank to Revolut. A fully digital process, lower interest rates, and no paperwork stress. He showed me the experience in the app and it looked genuinely slick. Honestly, it got me excited to hopefully have that feature as well one day. I would rather pay my mortgage through Revolut than through a clunky old high street bank interface.
Record 2025 Financial Results
Revolut's 2025 results are genuinely impressive. Record profit, strong revenue growth, and the company's fifth consecutive profitable year. Consistent profitability is rare for fintech. A lot of competitors scale user numbers but never actually turn a profit. Revolut really stands out here.
Eleven separate product lines each generate over $130 million in revenue. That diversification matters. A lot of fintechs are all in on crypto or all in on stock trading. Revolut has spread risk across banking, cards, FX, investing, crypto, business accounts, and now mortgages and loans.
Revolut Has More Customers Than Any Major UK Bank
To put 70 million in perspective, here is how Revolut now compares to the big UK high street banks on customer count:
Revolut now has more customers than every major UK high street bank, which is incredible given where they were just a few years ago.
Global Expansion: US, Mexico, UAE and More
The next big move is the US. On March 5, 2026, Revolut filed for a US national bank charter with the OCC and FDIC, and appointed a new US CEO. If granted, this would let them offer lending products in the US directly instead of relying on partner banks.
Revolut has committed $13 billion over five years to international expansion, with a target of 100 million customers by 2027. Personally, being based in the UAE, I cannot wait for the full licence to land so I can start using Revolut more actively locally.
Crypto: Polygon, MiCA and a Stablecoin
Revolut has integrated Polygon as its primary blockchain infrastructure. To date, the partnership has processed over $690 million in volume through the app. It enables low-fee cross-border stablecoin remittances as well as seamless on and off ramps. Beyond Polygon, Revolut secured a MiCA licence, which lets them offer regulated crypto across all 30 European countries.
The one to watch is the Revolut stablecoin, likely to be pegged to the British pound. The FCA selected Revolut as one of only four companies for its regulatory sandbox, with trials starting in early 2026. If they turn out to be one of the chosen players for sterling stablecoins, that is big news.
Brand Moves: Audi F1, Mobile and Street Mode
Revolut is now the official title partner of the Audi F1 team from the 2026 season onwards. The team will literally race under the name Audi Revolut F1. Founder Nikolay Storonsky called it a monumental partnership and said they will be bringing 100 million customers into Formula One.
I am an F1 fan myself, so this got me genuinely excited. Sponsorship like this has a surprising trigger effect. More people see the brand in a context they care about, become familiar with it, and over time are more likely to open an account. It works subconsciously.
They also launched Revolut Mobile, a telecom product with unlimited UK data, calls and texts for £12.50 per month, with EU and US roaming included. Currently live in the UK and Poland. It is the first major fintech to launch its own mobile network, which shows how far Revolut wants to go beyond just banking.
Revolut introduced Street Mode, which delays larger transfers when you are outside of your trusted locations. It is built to protect against phone snatching and so-called transfer mugging, where criminals force you to make a payment on the spot. If you live in London or Paris, this is a really smart addition.
More Updates Worth Knowing
Revolut is in early talks with Blackstone to give customers access to private investment funds. There is also a strategic partnership with Booking.com where 9 million users have already made purchases through Revolut, with discounts when they book through the app. An AI assistant is rolling out to guide customers towards smarter money habits. I just hope it is not going to question my monthly Starbucks spending.
Timeline of What Just Changed
IPO Outlook
Looking ahead, Revolut is targeting $9 billion in revenue and $3.5 billion in profit for 2026. An IPO is expected in the next two to three years, most likely on the Nasdaq.
Another share sale could come later this year that pushes the valuation above $100 billion already. Personally, after being a happy, satisfied user of their platform for many years, I would be excited to invest in the stock if valuations are in line and growth continues. It would be a shame for the UK if they end up listing on the Nasdaq instead of the London Stock Exchange, especially given their origins.
Should You Move Everything to Revolut?
There you have the full picture. Over 70 million customers, a $75 billion valuation, operating in more than 30 markets, full UK banking licence, free ETFs, mortgages, crypto infrastructure, and a US charter filed. Each one of these on its own would be a solid update. Together, they really show a company that is moving faster than anyone else in fintech.
So the question is, should you move everything to Revolut tomorrow? Not necessarily. The ETF selection is still very limited compared to dedicated brokers. The mortgage product is still only in one country. The crypto space is always evolving. But as an all-in-one financial platform, Revolut really is getting harder and harder to ignore.
Frequently Asked Questions
Yes. Since March 2026, Revolut is a fully licensed UK bank, which means UK deposits are protected by the FSCS up to £120,000 per person. This is the same protection you get with Barclays, HSBC, and other high street banks.
Yes. Recurring ETF investment plans are commission-free on every Revolut tier, including the free Standard plan. One-off manual trades have a small free monthly allowance, then 0.25% per trade. FX fees of 0.5% to 1% still apply on non-base currency ETFs unless you are on Premium or above.
No official date yet. Mortgages are currently live only in Lithuania. Ireland and France are confirmed as the next markets. With the UK banking licence now granted, a UK rollout is expected to follow, but Revolut has not committed to a timeline.
Not quite, but it has closed the gap. Revolut now offers 4,000+ stocks and ETFs combined, which puts it in a similar ballpark to Trade Republic and DEGIRO. Trading 212 has a wider catalogue at 13,000+, and Interactive Brokers is in a different league at 150,000+. Use Revolut for convenience if you already bank there. Use a dedicated broker for deeper selection and lower FX costs.
An IPO is expected in the next two to three years, most likely on the Nasdaq, with a target valuation of at least $150 billion. Investors already on the cap table include Fidelity, Nvidia Ventures, Andreessen Horowitz, and Franklin Templeton.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Features, pricing, and availability may vary by region and can change over time. Always check the latest details on the Revolut app or website before making a decision. Capital is at risk when investing.
