Revolut looks to become new competitor for Irish banks
Revolut plans to compete with legacy banks in Ireland as KBC and Ulster Bank withdraw from the market.
Fintech company Revolut has opened a waiting list for customers in Ireland looking for personal loans, marking its first step in launching Revolut Bank services in the country.
The move follows a decision by the European Central Bank to grant Revolut a full banking license last December. The company, which already has 1.7m customers in Ireland, now plans to launch loans and other bank services such as credit cards later this year.
Revolut said Irish customers will be able to apply for loans instantly and receive an answer on their application within seconds. Loans will also be available for new customers.
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Source: Revolut looks to become new competitor for Irish banks