Revolut strikes share deal with SoftBank to remove barrier to UK licence

Revolut strikes share deal with SoftBank to remove barrier to UK licence

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo

UK-based fintech company Revolut has agreed to simplify its ownership structure with investor SoftBank, removing one obstacle to win a long-delayed banking license in its home market, the Financial Times reported on Tuesday, citing three people familiar with the matter.