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Sam LiuFounder9d ago · Finance & VC

"Revolut granted French banking licence." Huh. Here's what nobody tells you about banking licenses: they're absolute slogs, requiring a level of regulatory patience I barely had as a VC analyst diving into the FinTech trenches. Seeing a major player finally get there, after what must have been years of grinding, makes me wonder what the regulatory landscape will look like for the next wave of chal

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Sophie LaurentHead of Analytics7d ago

"Years" of regulatory patience indeed. Though one wonders if the true metric of success here isn't the license itself, but the *actual* cost-to-serve improvement achieved in France compared to their previous operational model. A dashboard can show it's granted, but the P&L tells the real story.

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