Digital banking big 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 permit the UK’s largest fintech to bypass the customarily prolonged strategy of securing a banking constitution from scratch.
The corporate is contemplating buying a nationally chartered financial institution that already holds a licence, the Monetary Occasions reported Tuesday. An acquisition would permit Revolut to lend within the US extra rapidly than making use of for a banking constitution independently, which might take years.
Revolut weighs shopping for US financial institution to get licence https://t.co/YTVJXzbAlV
— Monetary Occasions (@FT) July 30, 2025
In keeping with the report, the corporate can be mentioned to be weighing making use of for its personal banking licence somewhat than getting into by means of 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 supply entry to an unlimited 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 Foreign money may expedite the approval course of for financial institution charters, the FT mentioned. Nevertheless, Revolut continues to be exploring essentially 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 elevate recent capital and worth the fintech at about $65b, the FT reported ths week. A part of the funding would assist finance its international enlargement.
Revolut has thought of related methods elsewhere, together with a plan to amass a Center Japanese financial institution. It accomplished the acquisition of Argentine financial institution Cetelem from BNP Paribas final month as a part of its enlargement 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 authorized its utility final yr however imposed restrictions that proceed to restrict its lending exercise.
US Banking Approval May Pave Approach for Digital Asset Companies
The corporate’s worldwide ambitions lengthen past conventional banking. Revolut, which has supplied 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 regulation requiring all crypto service suppliers to carry a home licence.
As of Oct. 2023, Revolut suspended its crypto providers within the US resulting from regulatory uncertainty.
Now, it’s push for an American banking licence may lay the groundwork for broader product choices, together with digital asset providers, if authorized.
Trade observers say a US banking licence would mark a big milestone for Revolut and assist it compete with American fintech rivals.
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