Fintech

Revolut to face third government review in Lithuania

Lithuanian MP wants digital start-up's banking authorisation reconsidered because of ties to Russia

Revolut co-founder and chief executive Nikolay Storonsky
Revolut co-founder and chief executive Nikolay Storonsky Photo: Getty Images

Revolut, the digital challenger bank, is facing a third review by authorities in Lithuania, the country that sponsored its pan-European banking licence last year.

The Lithuanian parliament has voted to review the under-fire banking start-up to determine whether the company threatens the country’s national security interests. Revolut has offered its full cooperation and says it has nothing to hide.

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