Revolut Lithuania

Revolut Lithuania (Revolut Bank UAB) is the European banking subsidiary of Revolut, the London-headquartered global fintech super-app, based at Konstitucijos pr. 21B in Vilnius's Šnipiškės business district within the modern financial quarter. Revolut obtained its specialised banking licence from the European Central Bank through Lietuvos bankas (Bank of Lithuania) in December 2018, choosing Lithuania as its EU banking hub due to the country's progressive fintech regulatory environment, the 'Newcomer Programme' for fintech entrants, and its regulatory sandbox. With over 500 employees in Vilnius and growing rapidly, Revolut Lithuania serves as the passporting entity for Revolut's banking services across the entire European Economic Area, serving over 40 million customers. The in-house legal, compliance, and risk team manages an extraordinarily complex regulatory landscape including CRD V/CRR II banking prudential requirements, PSD2 payment services regulation, AML/CFT compliance under Lithuania's Pinigų plovimo ir teroristų finansavimo prevencijos įstatymas (AML/CFT Prevention Act), consumer credit regulation, GDPR data protection, securities regulation for crypto-asset services, and the forthcoming MiCA (Markets in Crypto-Assets) regulation.