The fintech has also tapped a former Visa and Capital One executive to lead its US operations.
UK fintech giant Revolut has applied for a US banking licence. If successful, Revolut would be able offer services such as personal loans and credit cards to its US-based customers.
The move will give Revolut “the direct control needed to innovate faster and deliver the Revolut experience to millions more Americans as we move toward our goal of 100m customers”, said its founder and CEO Nik Storonsky.
“Filing for a national bank charter is a major milestone toward our vision of building the world’s first truly global banking platform.”
The company was valued at $75bn last November after a major share sale. It had a successful 2024, which saw revenue growing 72pc to $4bn and profit before tax increasing 149pc to $1.4bn. The company said this growth has continued through 2025 with around $1bn in annualised revenue.
The US national bank charter will allow Revolut to operate across all 50 US states, connect directly to services such as Fedwire and ACH, and offer customers insured deposits.
The company has announced Cetin Duransoy as its US CEO. Duransoy previously served as the US CEO of fintech marketplace Raisin, prior to which he held senior leadership banking and payments roles at Capital One and Visa.
Revolut, one of the world’s biggest fintechs, currently operates across 40 markets globally, servicing around 70m customers.
The company recently expanded operations to Mexico, opened a new global headquarters in London and secured a payments licence in India. It hopes that this continued expansion can help it reach 100m customers by mid-2027.
It is also attempting to capitalise on agentic shopping with a Google partnership to make Revolut Pay compatible across the emerging landscape in Europe.
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