Digital banking large Revolut is reportedly exploring the acquisition of a US financial institution because it seeks to speed up its entry into the American market.
The transfer would enable the UK’s largest fintech to bypass the usually prolonged means of securing a banking constitution from scratch.
The corporate is contemplating buying a nationally chartered financial institution that already holds a licence, the Monetary Instances reported Tuesday. An acquisition would enable Revolut to lend within the US extra shortly than making use of for a banking constitution independently, which may take years.
Revolut weighs shopping for US financial institution to get licence https://t.co/YTVJXzbAlV
— Monetary Instances (@FT) July 30, 2025
In keeping with the report, the corporate can also be stated to be weighing making use of for its personal banking licence moderately than getting into via an acquisition.
Revolut didn’t reply to Cryptonews’ request for remark by press time.
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The fintech, which has 60m clients worldwide, has been trying to find methods to deepen its presence within the US, one of many world’s largest monetary markets.
Profitable an American banking licence would offer entry to an enormous base of consumers and deposits at a time when UK fintechs are dealing with slower progress at residence.
US President Donald Trump’s deregulatory agenda has created a notion that the Workplace of the Comptroller of the Forex might expedite the approval course of for financial institution charters, the FT stated. Nevertheless, Revolut continues to be exploring probably the most environment friendly path ahead.
Revolut Eyes Center East, Latin America as It Seeks Scale Overseas
The corporate is already in talks for a $1b deal that will increase contemporary capital and worth the fintech at about $65b, the FT reported ths week. A part of the funding would assist finance its world growth.
Revolut has thought of related methods elsewhere, together with a plan to amass a Center Jap financial institution. It accomplished the acquisition of Argentine financial institution Cetelem from BNP Paribas final month as a part of its growth drive.
Though Revolut holds banking licences in Lithuania, which permits it to function throughout the European Union, and in Mexico, it has but to safe one within the UK. Regulators accredited its software final 12 months however imposed restrictions that proceed to restrict its lending exercise.
US Banking Approval May Pave Manner for Digital Asset Companies
The corporate’s worldwide ambitions prolong past conventional banking. Revolut, which has provided crypto buying and selling within the UK and the European Financial Space, resumed restricted crypto operations in Hungary this week. The transfer got here after a regulatory freeze earlier this summer time, when Hungary launched a brand new legislation requiring all crypto service suppliers to carry a home licence.
As of Oct. 2023, Revolut suspended its crypto companies within the US attributable to regulatory uncertainty.
Now, it’s push for an American banking licence might lay the groundwork for broader product choices, together with digital asset companies, if accredited.
Business observers say a US banking licence would mark a major milestone for Revolut and assist it compete with American fintech rivals.
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