The banking app revealed that it is actively preparing to offer mortgages.

With 2.7 million users in Ireland, Revolut currently provides loans of up to €30,000.

“Our market reach means that whether you’re a first-time buyer, a second-time buyer, or someone looking to switch, you likely already have a Revolut account,” said Joe Heneghan, chief executive of Revolut Europe, in an interview with The Irish Times.

“No final decision on how we will execute mortgages has been made yet,” said a spokesperson.

“However, the team is working diligently to bring this offering to the Irish market, where we believe we can make a significant impact. Ultimately, we aim to deliver the excellent experience our customers have with our other products to the mortgage sector.”