Nik Storonsky confirms Revolut will offer mortgages, aiming for a fully digital, instant, automated app process.
Revolut has over 2m Irish users, making Ireland its joint second-biggest market after the UK.
Storonsky says Revolut dropped its Irish licence after a 30-month Central Bank process, serving Irish customers through its Lithuanian bank.
Revolut plans mortgages to take on legacy banks
Guest interviews
Nik Storonsky, co-founder and CEO of Revolut. Revolut will definitely offer mortgages, Storonsky says, because legacy processes take seven days at best and up to two months at worst. He wants a fully digital, instant experience where a customer applies in the app and picks a house, either financed by Revolut as a bank or arranged as an introducer. He says Irish banks should be worried because Revolut offers better products at better prices, and that crypto is now a small part of the business.
News
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