What happened to UK banking licence applications in 2025?

They dropped to zero, from six in 2024. No new or resubmitted apps, per FOI data.

Is the UK still a top fintech hub?

Doubts grow amid bureaucracy woes, but Wise and Klarna moves hint at potential rebound.

Will Wise or Klarna get UK banking licences soon?

Reports say Wise is exploring; Klarna's expanding services. Regulators' speed is key.

Zero UK Banking Licence Applications in 2025: Fintech's Reality Check

Imagine the UK's fintech party — and no one's showing up for the main event. Zero banking licence applications in 2025 signal deep trouble for London's ambitions.

Fintech Pulse Apr 11, 2026 4 min read

Empty graph chart showing zero UK banking licence applications in 2025

⚡ Key Takeaways

UK banking licence applications hit zero in 2025, down from six in 2024. 𝕏
Revolut's long battle highlights regulatory hurdles; new Scaleup Unit aims to fix it. 𝕏
Wise and Klarna signal possible resurgence despite the drought. 𝕏

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Fintech Pulse

Informed capital. Intelligent coverage.

#Revolut #UK banking licence #Wise Klarna #fintech regulation

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Originally reported by Sifted - Fintech

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