Revolut drops US merger talks to pursue standalone banking licence #
Revolut has scrapped plans to enter the US market through a merger, choosing instead to seek a standalone banking licence as part of a longer-term expansion strategy. The fintech had explored acquisitions as a faster route into the US but concluded that securing its own licence would provide greater control over operations and compliance
The decision highlights the regulatory complexity of the US banking market and reflects Revolut’s broader shift toward building licensed entities market by market. While the move may delay a full US rollout, the company said it remains committed to entering the market and views regulatory approval as a more sustainable foundation for growth.