UK digital bank Revolut at risk of losing EU licences amid questions over alleged Kremlin links

British digital bank Revolut is at risk of losing its European banking licences amid fresh questions over its alleged links to the Kremlin. 

The company, one of Europe’s fastest growing fintechs, was granted its European licences through the Bank of Lithuania in December.  The move was designed to help the nation challenge the UK as Europe’s financial technology hub, but it also provoked fierce political debate in the country after it emerged that Revolut’s chief executive Nikolay Storonsky has links with Russia. 

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