Revolut is exploring the acquisition of a U.S. bank to expedite its entry into the American market and enhance its lending capabilities.
Digital banking giant Revolut is reportedly considering the acquisition of a U.S. bank to accelerate its entry into the American market and expedite the process of obtaining a banking license. The company, which has 60 million customers globally, is also seeking $1 billion in funding for expansion. This move is part of a broader strategy to enhance its lending services while continuing to explore options for applying for its own banking license.