Revolut has launched a UK-listed Exchange-Traded Funds (ETFs) offering as part of a suite of new investment product launches.
The fintech will now offer investment opportunities in UK, European and US companies, from £1. Users will be able to diversify their holdings and gain exposure across a range of sectors and geographies to manage and build their investment portfolios.
The new investment features will be fully integrated into its everyday app experience.
“We believe that building wealth shouldn’t be a privilege reserved for the few,” said Yana Skrebenkova, chief executive of wealth and trading for the UK division at Revolut.
“That’s why we’re breaking down the barriers to give our UK customers access to more low-cost investment tools alongside their day-to-day spending, without navigating multiple platforms.”
Alongside the launch of its ETF offering, Revolut will shortly be unveiling its Stocks and Shares ISAs allowing customers to save and invest up to £20,000 per year tax-free. Customers will be able to withdraw and replace funds at any time.
This month marks one year since the Revolut’s banking licence application was accepted, with restrictions putting the company in a mobilisation period.
According to UK financial regulation, mobilisation should take no longer than 12 months, giving the firm until 25 July to meet the expectations of the FCA and PRA.
Correction: This content was corrected post-publish to clarify the end of the mobilisation period for Revolut’s banking licence, which was granted in July 2024.
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