Revolut begins offering unsecured personal loans in Britain, expanding from payments and subscription products into consumer lending. Revolut’s UK chief executive, Francesca Carlesi, tells Reuters that the company is entering a market dominated by the UK’s largest banks, with unsecured lending described as a higher-risk activity.
The move is framed by outlets as a significant shift for the fintech, with Sifted characterising it as a “watershed” moment while asking whether Revolut can meaningfully compete against entrenched high street lenders. Other coverage focuses on the practical details of what is being offered, with The Independent reporting that loan amounts range from £2,000 to £25,000 and that approved customers can receive funds “near-instantly.”
