SHARE

Revolut secures full banking licence in Australia, targets credit and savings market

UK fintech Revolut, valued at $75bn, will invest A$400mn to expand in Australia after gaining a full banking licence. The firm, with 1.2mn local customers, aims to challenge the dominance of the country’s Big Four banks.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.