EU / Bogdan Hoyaux
The newspaper's sources indicate that Revolut is currently discussing with US officials the possibility of obtaining a license through the Office for the Comptroller of the Currency (OCC). The company is hopeful that the process will be expedited, as the White House has been advocating for less restrictive regulations.
In the summer of 2025, the Financial Times had previously reported that Revolut was considering buying a low-cost financial institution, which would have enabled it to offer lending services in the US. The company thought this approach would allow it to enter the US market more quickly than going through the process of applying for a banking license on its own.
However, the startup has now determined that buying a US bank could present challenges, as highlighted by the Financial Times sources. Specifically, if Revolut were to acquire a regional financial institution, it might be required to maintain physical branches.
One of the Financial Times' sources mentioned that Revolut has not yet finalized its strategy for entering the US market.
source: ft.com
In the summer of 2025, the Financial Times had previously reported that Revolut was considering buying a low-cost financial institution, which would have enabled it to offer lending services in the US. The company thought this approach would allow it to enter the US market more quickly than going through the process of applying for a banking license on its own.
However, the startup has now determined that buying a US bank could present challenges, as highlighted by the Financial Times sources. Specifically, if Revolut were to acquire a regional financial institution, it might be required to maintain physical branches.
One of the Financial Times' sources mentioned that Revolut has not yet finalized its strategy for entering the US market.
source: ft.com
