According to reports, Revolut has changed its strategy regarding its expansion into the United States. Instead of acquiring an existing US bank through a merger, Revolut is now reportedly planning to apply for a de novo banking license. The Financial Times reported this development. The move signifies a shift in Revolut's approach to establishing its banking operations in the US market. Obtaining a de novo license would allow Revolut to build its banking infrastructure from the ground up, potentially aligning more closely with its long-term strategic goals.

According to reports, Revolut has changed its strategy regarding its expansion into the United States. Instead of acquiring an existing US bank through a merger, Revolut is now reportedly planning to apply for a de novo banking license. The Financial Times reported this development. The move signifies a shift in Revolut's approach to establishing its banking operations in the US market. Obtaining a de novo license would allow Revolut to build its banking infrastructure from the ground up, potentially aligning more closely with its long-term strategic goals.