Fintech firm Revolut filed a brand new software for a US nationwide financial institution constitution because it renews its push into the North American market, marking the corporate’s second try and safe a US banking license.
The London-based firm said Thursday that it submitted an software to the Workplace of the Comptroller of the Foreign money and the Federal Deposit Insurance coverage Company to ascertain “Revolut Financial institution US, NA”
The corporate additionally appointed fintech veteran Cetin Duransoy as the corporate’s new US CEO. Duransoy brings greater than 20 years of expertise in banking, funds and know-how. He beforehand served as US CEO of fintech market Raisin. Duransoy replaces Sid Jajodia, who will stay with the corporate as world chief banking officer.
“The US is a key pillar of our world progress technique,” Revolut founder and CEO Nik Storonsky mentioned. “Submitting for a nationwide financial institution constitution is a serious milestone in the direction of our imaginative and prescient of constructing the world’s first actually world banking platform,” he added.
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US financial institution constitution would unlock nationwide operations
If authorised, the license would enable Revolut to function underneath a single federal regulatory framework throughout all 50 US states. The constitution would additionally give the corporate direct entry to fee methods Fedwire and ACH, enabling it to supply insured deposits via the FDIC and increase into merchandise together with private loans and bank cards.
Revolut tried to safe a US banking license in 2021 via California regulators. That effort stalled and was withdrawn in 2023 after encountering regulatory hurdles and inner management issues.
Revolut says it presently serves over 70 million clients globally and operates in 40 markets. In November 2025, the corporate accomplished a secondary share sale that valued it at $75 billion.
Revolut’s transfer to use for a US banking license comes as the corporate shifts away from earlier plans to accumulate an American financial institution because it expands globally.
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Extra fintech corporations search OCC financial institution charters
Extra fintech and crypto firms are searching for US banking licenses via the OCC. In January, Nubank obtained conditional approval from the regulator to ascertain a nationwide financial institution in the USA, whereas crypto alternate Crypto.com secured an identical approval in February.
In December 2025, the OCC additionally conditionally authorised 5 nationwide financial institution constitution purposes for Circle, Ripple, BitGo, Constancy Digital Property and Paxos.
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