Revolut finally got its UK banking licence 🇬🇧🏦; Ramp just gave AI Agents corporate cards, and solved the right problem 🤖💳; X Money’s real product isn’t banking - it’s lock-in 📲🔐

FinTech is Eating the World, 12 March

Hey Everyone,

Good morning & happy Thursday! Today’s issue is a special one as we’re going to dive into Revolut, which finally got its full UK banking licence (why the licence itself isn’t news, what it really reveals & what’s next for the $75B FinTech behemoth + bonus reads on Revolut & how it’s leveraging AI internally), corporate spend leader Ramp, which just gave AI Agents their own credit cards (why it’s a big news, how it perfectly ties into the agentic stack Ramp has been quitely building for months & what’s next in Agentic Payments/Finance + bonus deep dive into the brilliant rivarly of Brex vs. Ramp), and Elon Musk’s X Money that’s finally launching to public next month (why banking isn’t the real product here, what Elon’s master plan really is & what to whatch next + bonus deep dive into Muskonomy, the closed-loop economy no bank can touch). Let’s jump straight into the fascinating stuff 🌶️

Revolut finally got its UK banking licence 🇬🇧🏦

The BIG News 🔥 The 4-year wait for the most valuable FinTech in Europe is finally over, but the UK banking licence itself isn’t the news 🤫

What matters here is what the Prudential Regulation Authority actually stress-tested before signing off: Revolut’s worldwide compliance infrastructure, not just its UK operations.

Let’s unpack this, understand why it matters, and what’s next for the $75 billion fintech heavyweight.