Victor Stopa, Head of Development for Revolut in European countries, announced during the FIBE-2026 conference in Berlin that there is no conflict between the company and the National Bank of Ukraine (NBU). However, entry into new financial market sectors involves stringent regulatory requirements. Revolut employs a strategy of phased product launches followed by analysis for optimization before fully entering the market.
Founded in 2015, the company is moving towards deeper localization to meet the tax and regulatory requirements of key markets, such as Western Europe, where it plans to establish its headquarters in Paris and invest €1 billion. In Poland and Italy, Revolut has established partnerships to integrate local payment solutions. Based on 2025 results, the company’s revenue increased by 46% to €5.3 billion, pre-tax profit grew by 57% to €2 billion, and the number of users increased by 30% to 68.3 million across 40 countries.
In Ukraine, there is a subsidiary IT company focusing on software development. Revolut began operations in the Ukrainian market on February 11, 2025, using the European Central Bank license held by its Lithuanian division. However, the NBU required obtaining a Ukrainian license. As a result, in February 2026, it was announced that Ukrainian customer accounts would be closed on February 22, 2026, while the company continues negotiations with the NBU. It is noted that long negotiations with regulators are standard practice for Revolut, as evidenced by the extended procedures for obtaining a banking license in the United Kingdom. Despite regulatory challenges, the company’s capitalization reached $45 billion in August 2024, maintaining its position as Europe’s most valuable tech startup.
