Summary
- The UK's largest fintech company, Revolut, is reportedly considering acquiring a local US bank to enter the US market.
- Revolut stated that it is considering acquiring a bank with a national license in the US to operate lending products.
- A target bank for acquisition has not yet been decided, and it is known that they are also considering applying for their own banking license.
The largest fintech company in the UK, Revolut, is reportedly considering acquiring a local bank in the United States in order to secure a US banking license.
On the 30th (local time), the Financial Times quoted anonymous sources and reported, "Revolut is considering acquiring a bank with a national license in the US to operate lending products in the country."
Revolut is one of the European fintech companies seeking to enter the US market and is targeting the US to attract more customers and deposits.
A decision has not yet been made as to which bank to acquire, and it is known that Revolut is also considering applying for its own banking license.
YM Lee
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