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Digital banking leader Revolut is reportedly considering the acquisition of a US bank as it aims to expedite its entry into the American market.
This strategy would enable the UK’s largest fintech to circumvent the often protracted process of obtaining a banking charter from the ground up.
The firm is evaluating the purchase of a nationally chartered bank that already possesses a license, as reported by the Financial Times on Tuesday. Such an acquisition would allow Revolut to begin lending in the US more swiftly than pursuing a banking charter independently, which can take several years.
Revolut weighs buying US bank to get licence https://t.co/YTVJXzbAlV
— Financial Times (@FT) July 30, 2025
The report indicates that the company is also contemplating applying for its own banking license instead of opting for an acquisition.
Revolut did not respond to Cryptonews’ request for comment by the time of publication.
Trump-Era Policies Seen as Potential Boost to Revolut’s Licence Bid
The fintech, which boasts 60 million customers globally, has been exploring avenues to enhance its footprint in the US, one of the largest financial markets worldwide.
Securing an American banking license would grant access to a substantial customer base and deposits at a moment when UK fintechs are experiencing slower growth domestically.
US President Donald Trump’s deregulatory policies have fostered a belief that the Office of the Comptroller of the Currency could accelerate the approval process for bank charters, according to the FT. Nevertheless, Revolut is still assessing the most effective route forward.
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Revolut Eyes Middle East, Latin America as It Seeks Scale Abroad
The company is currently in discussions for a $1 billion deal that would generate new capital and value the fintech at approximately $65 billion, as reported by the FT this week. A portion of the funding would support its global expansion efforts.
Revolut has contemplated similar strategies in other regions, including a plan to acquire a bank in the Middle East. Last month, it finalized the acquisition of Argentine bank Cetelem from BNP Paribas as part of its growth initiative.
While Revolut holds banking licenses in Lithuania, enabling it to operate throughout the European Union, and in Mexico, it has yet to obtain one in the UK. Regulators approved its application last year but imposed restrictions that continue to limit its lending capabilities.
US Banking Approval Could Pave Way for Digital Asset Services
The company’s international aspirations go beyond conventional banking. Revolut, which has provided crypto trading in the UK and the European Economic Area, resumed limited crypto operations in Hungary this week. This development followed a regulatory freeze earlier this summer, when Hungary enacted a new law mandating all crypto service providers to obtain a domestic license.
As of October 2023, Revolut has suspended its crypto services in the US due to regulatory uncertainties.
Now, its pursuit of an American banking license could establish a foundation for broader product offerings, including digital asset services, if granted.
Industry analysts suggest that a US banking license would represent a significant achievement for Revolut and enhance its competitiveness against American fintech counterparts.
The post Revolut Mulls Buying US Bank to Fast-Track American Licence: Report appeared first on Cryptonews.
