"They should be worried" - Ex Revolut boss on how fintech grew to threaten traditional banks
Mar 12, 2026
NEW: A former former Head of Authorisations at Revolut, Will Mahon-Heap, who worked on obtaining the fintech's UK banking licence, has told City AM's Samuel Norman that he expects "it will IPO at a much higher price than the 100 billion" mark it's currently projected to.
The ex licencing head also said "the UK is still the home of fintech internationally", partly thanks to Britain having "one of the most respected financial regulators in the world."
The fintech finally got the green light yesterday for its much-coveted UK banking licence.
#uknews #banking #fintech #ukfinance
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