Revolut Plans to Enter the U.S. Market Through Bank Acquisition

Revolut Plans to Enter the U.S. Market Through Bank Acquisition

British fintech giant Revolut is actively exploring the possibility of acquiring a bank in the United States. This move would allow the company to work directly with American clients without relying on partner banks, as it currently does.

In addition, Revolut is considering applying for its own U.S. banking license. At the same time, the company is preparing to launch savings products for the U.S. market and is investing in marketing — for instance, it recently ran a free subway ride campaign in New York.

Revolut has been rapidly expanding its global presence: it obtained a license in Mexico, acquired Argentine bank Banco Cetelem, and is working on launching services in France. The company is also in talks for a new $1 billion funding round, with a projected valuation of $65 billion.

What Does This Mean for Businesses?

Revolut’s expansion into the U.S. market means:

• easier business account setup in USD;
• fewer intermediaries when dealing with American partners;
• lower fees and faster cross-border payments.

This is especially important for crypto companies and international businesses already operating in the U.S. or planning to enter the market.

If you’re looking to open an account with Revolut, contact FINANCEIQ HUB LTD. We also work with many other providers and will find the right banking solutions tailored to your business needs.