Revolut Applies for a U.S. Banking License

Revolut Applies for a U.S. Banking License

Fintech company Revolut, which originally started as a convenient mobile app for low-cost currency exchange, is taking another major step toward transforming into a f¹ully fledged global bank. The company has submitted an application for a national banking license in the United States to two key regulators — the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC).

If approved, a new bank will appear in the U.S. market — Revolut Bank US, N.A. This would allow the company to move from a fintech service model to a fully integrated banking infrastructure within one of the largest financial systems in the world. 🇺🇸

What a U.S. Banking License Means for Revolut 📈

Obtaining national bank status opens several strategic opportunities for Revolut:

• operating nationwide across the U.S. under a single federal regulator 🏛️
• direct access to payment systems Fedwire and ACH 💳
• ability to offer loans and credit cards directly 💵
• launching deposit products insured by the FDIC 🛡️
• full control over banking infrastructure and customer experience ⚙️

For a fintech company, this means transitioning from a partner-bank model to its own banking ecosystem, significantly increasing margins and control over financial products.

Revolut co-founder openly states that the U.S. is a key element of the company’s global strategy.

Today the platform already serves more than 70 million customers in over 40 countries, with an ambitious target of reaching 100 million users by mid-2027.

$75 Billion Valuation: The Fintech Giant Strengthens Its Position

The scale of Revolut’s ambitions is also reflected in its financial valuation. After a secondary share sale in 2025, the company’s valuation rose to $75 billion, making it one of the most valuable private technology companies in the world.

Experts note that obtaining a U.S. banking license could significantly strengthen Revolut’s position in global competition with digital banks, neobanks, and traditional financial institutions.

In essence, the market is witnessing the transformation of a fintech startup into an international banking powerhouse. 🚀