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Revolut Confirms Intentions to Have a US Bank
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News Archives | PYMNTS.com
British FinTech Revolut has confirmed earlier reports of its American banking plans.
The company is “actively looking” at whether to purchase a U.S. bank or to apply for its own banking license there, Revolut’s U.S. CEO Sid Jajodia told Reuters Tuesday (Sept. 23).
He added that “being a bank in every market we operate in is critical,” particularly in the U.S. where Revolut’s business is small.
As Reuters noted, Revolut has become the most valuable European FinTech, seeking a valuation of $75 billion in a secondary share sale.
The aim here is to let businesses accept quick, secure payments from a customer’s bank account.
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