Revolut Eyes US Bank Buyout to Accelerate American License Bid

British fintech and neobank Revolut is considering acquiring a US bank to accelerate its entry into the American market. According to a recent report by The Financial Times, published on 30 July 2025, Revolut is eyeing the acquisition of a nationally chartered bank that already holds a license.

If this goes through, Revolut will be able to skip the often-lengthy procedure of acquiring a banking license from scratch. By shortening the process of securing an independent banking charter, Revolut will be able to simplify its lending capabilities in the American market.

The report also indicates that the UK-based neobank is considering applying for its own US banking license as an alternative to acquiring an existing chartered institution.

UK’s chancellor pushes for Revolut to exit licence ‘mobilisation’ phase.

Bank of England says no: regulatory independence above fintech favoritism.

Revolut’s UK licence clock expired July 25—with no full authorisation in sight. Meanwhile, the company considers buying a US bank…

— Oscar Jeppesen (@Investor1Fact) July 30, 2025

Revolut has been eying a US market expansion for some time now. It has 60 million users worldwide as of now, and an entry in the US, as the world’s largest financial market, is expected to boost its deposits in contrast to the slowdown that many UK fintech companies are currently facing.

According to the Financial Times report, Trump’s deregulatory push has led investors and companies to believe that the bank charter process can be sped up by the Office of the Comptroller of the Currency.

Revolut, as a result, is carefully considering its options before making a concrete move.

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Revolut Seeks To Scale Via Expansions In The Middle East, Latin American Market

Reportedly, Revolut is currently amidst discussions for a funding round that would boost its valuation to around $65 billion, according to the Financial Times. The company will allocate a portion of the raised capital to further its expansion plans in the future.

Revolut has explored similar acquisition opportunities in other regions as a part of its broader expansion strategy, including plans to buy a bank in the Middle East. Additionally, just last month, it finalised the purchase of the Argentinian lender Cetelem from BNP Paribas.

While it also holds a banking license in Lithuania, which grants Revolut access to the European Union and Mexico, the company has yet to score a banking license in the UK. While its application was approved last year, regulatory restrictions in the region have continued to limit its lending operations.

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Revolut Acquiring US Bank License: Could Reboot Digital Asset Play

Revolut’s global ambitions, however, are beyond just traditional banking. The company already offers crypto trading across the UK and the European Economic Area (EEA) and has resumed limited services in Hungary last week.

A new legislation in Hungary required crypto firms to secure domestic licenses, leading to a pause earlier in the summer.

Revolut stopped its crypto offerings in the US in October 2023 amid regulatory uncertainty. Now that perspectives have changed, its pursuit of a banking license can potentially clear a pathway for the company to offer a broader range of services in the US, including digital assets.

However, it all depends on whether its application is approved or not.

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