R
evolut is reportedly expanding into commercial real estate lending, a move that could capitalize on the UK market's expected recovery this year. The FinTech company has appointed Duncan Batty, a veteran of M&G Investments, to lead its new business unit.

    As Revolut continues to grow, it remains committed to exploring opportunities for expansion and innovation, according to a spokesperson. This latest move follows other recent developments in the company's business, including plans to launch private banking services for high-net-worth individuals and apply for a banking license in New Zealand.

    Lower interest rates are expected to drive a recovery in the UK commercial real estate market this year, reversing a decline caused by the pandemic and economic uncertainty. Revolut has also been expanding its trading capabilities, receiving a UK trading license from the Financial Conduct Authority that allows it to offer U.K. and European Union stocks and exchange-traded funds.

    The company's receipt of this license enables it to improve the user experience and introduce new features for its customers in the UK. With over 650,000 UK trading customers already on board, Revolut is well-positioned to capitalize on the expected recovery in the commercial real estate market.