Revolut Aims for US Bank Acquisition to Expedite Its American License Application

The British fintech and neobank Revolut is contemplating the purchase of a US bank to hasten its penetration into the American trading market. As per a recent article in The Financial Times, published on 30 July 2025, Revolut is targeting the acquisition of a nationally chartered bank that possesses an existing license.

Should this materialize, Revolut will bypass the often-protracted process of obtaining a banking license from the ground up. By expediting the attainment of a banking charter, Revolut will enhance its lending capabilities within the American financial landscape.

The article further suggests that the UK-based neobank is contemplating applying for its own US banking license as an alternative to buying an already chartered institution.

The UK’s chancellor advocates for Revolut to exit the license ‘mobilisation’ phase.

The Bank of England maintains its stance: regulatory independence takes precedence over fintech favoritism.

Revolut’s UK license lapsed on July 25—with no complete authorization anticipated. Meanwhile, the firm is considering acquiring a US bank…

— Oscar Jeppesen (@Investor1Fact) July 30, 2025

Revolut has been pursuing expansion into the US crypto market for some time. It currently boasts 60 million users globally, and its entry into the US, the world’s largest financial sector, is anticipated to enhance its deposits in contrast to the ongoing slowdown many UK fintech firms are experiencing.

The Financial Times report highlights that Trump’s deregulatory initiatives have sparked belief among investors and businesses that the bank chartering process could be expedited by the Office of the Comptroller of the Currency.

Consequently, Revolut is meticulously evaluating its options prior to taking definitive action.

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Revolut Aims for Growth Through Expansion in the Middle East and Latin America

Reportedly, Revolut is currently in the midst of conversations regarding a funding round that could elevate its valuation to about $65 billion, according to The Financial Times. The firm plans to allocate some of the raised funds to advance its future expansion efforts.

Revolut has also investigated similar acquisition options in different regions as part of its broader growth strategy, including contemplating the purchase of a bank in the Middle East. Furthermore, just last month, it successfully completed the acquisition of the Argentinian lender Cetelem from BNP Paribas.

Although it possesses a banking license in Lithuania, which provides access to the European Union and Mexico, the company has yet to obtain a banking license in the UK. While its application received approval last year, ongoing regulatory constraints in the region have continued to restrict its lending activities.

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Revolut Acquiring US Bank License: Could Revitalize Digital Asset Strategy

However, Revolut’s global ambitions extend beyond conventional banking. The firm currently provides crypto trading across the UK and the European Economic Area (EEA) and has resumed limited services in Hungary last week.

A recent law in Hungary mandated that crypto firms obtain domestic licenses, resulting in a suspension earlier in the summer.

Revolut halted its crypto services in the US in October 2023 due to regulatory uncertainty. With changing perspectives, its drive for a banking license could potentially open doors for the company to broaden its service offerings in the US, including digital assets.

Nonetheless, this hinges on whether its application receives approval.

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The article Revolut Eyes US Bank Buyout To Accelerate Its American License Bid first appeared on 99Bitcoins.