0:00
So Sam, yesterday you were at Revolute's
0:02
glamorous new headquarters in Canary
0:05
was a really big event uh from Fintech.
0:07
They announced a three billion pound
0:09
investment into the UK. The investment
0:11
is going to come over the course of 5
0:12
years and they say it will create a
0:14
thousand jobs in the UK. It's quite a
0:16
big statement from them. They've had
0:18
quite a bit of regulatory issues in the
0:19
UK, but it's a really big statement. So
0:21
they said, and so the Treasury has
0:23
really taken a stride as well. They've
0:25
really praised it as a big win and vote
0:26
of confidence in the UK financial
0:28
services sector. And it also comes on
0:30
the back of a quite a nice week for the
0:32
the Treasury where a lot of the US
0:33
financial giants were just piling
0:35
investment into the UK. I think now
0:36
Revolute caps off 110 billion pound
0:40
And speaking of the Treasury, Rachel
0:41
Reeves made an appearance.
0:42
She did. So yeah, the chancellor made
0:44
her appearance um attempted to woo the
0:46
fintech big big wigs once again. It was
0:48
an interesting appearance from Reeves. I
0:50
think it's no secret she's being
0:52
attempting to court a lot of the big
0:53
fintexs who are hoping to be the next
0:55
generation of listing talent. Uh
0:57
Revolute is one of those. However, you
0:59
may face an uphill battle with those.
1:01
Um, Nick Steronsky, the chief executive
1:02
of Revolute, has previously said a
1:04
listing in London would not be rational.
1:06
Reeves may be hoping, but um, until they
1:08
get that banking license, I don't think
1:10
there'll be any any ideas of listing
1:12
here or any real conversation around
1:14
listing. not to seem that big piracy
