This is going to unicorn27 Aug 2025 20:39
To a startup, a UK banking licence is not just an administrative permit; it is the core asset that defines its business model, profitability, and potential for scale.
· In direct cost-saving terms, it is worth £15-50 million.
· In strategic and economic terms, its value is transformative, often forming the basis for a unicorn (>$1bn) valuation by enabling high-margin revenue streams and creating a formidable competitive moat.
· In reputational terms, it is invaluable, providing the trust necessary to hold and manage other people's money.