Revolut Shifts U.S. Strategy from Bank Acquisition to Direct National Licensing
Revolut has abandoned its plan to acquire a U.S. bank, opting instead to pursue a national banking license directly. The digital-first fintech firm concluded that the acquisition route WOULD impose slower timelines and higher operational complexity, conflicting with its lean, branchless model.
The strategic pivot allows Revolut to maintain full control over its digital infrastructure while accelerating its entry into the lucrative U.S. market. Regulatory clarity and operational flexibility outweighed the perceived advantages of acquiring an existing charter.
This MOVE underscores Revolut's commitment to disrupting traditional banking through scalable digital solutions. The U.S. market remains a critical battleground for fintech firms seeking global dominance.
