Lunar Fintech Revolut Focuses on the US Market Through Banking License Strategy

Revolut, the renowned fintech company from the United Kingdom currently valued at $75 billion, is taking a significant strategic step to establish its presence in the United States. This unicorn in the financial technology sector has announced plans to apply for a banking license in the US market, marking a shift from its previous strategy of acquiring a local bank.

From Crypto-Friendly Fintech to International Standard Banking

Revolut has been known for its crypto-friendly approach and innovative fintech services. However, to expand its influence in major markets like the US, the company needs to transform its business model and engage with regulatory authorities differently. This move reflects the larger ambition of this tech unicorn to build a global banking platform with certifications from international regulatory agencies.

According to a report from Financial Times, Revolut has engaged in negotiations with US authorities to obtain a banking license through the Office of the Comptroller of the Currency (OCC). This decision was announced by Revolut’s US CEO, Sid Jajodia, who emphasized the importance of obtaining a regulatory certificate to grow in the US market.

Smart Strategy: Why Choose OCC Instead of Acquiring a Local Bank

Initially, Revolut considered acquiring a bank in the US to accelerate expansion. However, the company ultimately chose to face the direct licensing process. The rationale behind this decision is quite pragmatic: acquiring a community bank would require Revolut to maintain a network of physical branches, which the company wants to avoid in order to preserve an efficient digital operating model.

Additionally, Revolut forecasts that the approval process for a banking license will be faster under the US administration’s crypto-friendly regulatory policies. Sid Jajodia noted that the company is still exploring various pathways until September 2025 but emphasized the need for a streamlined and efficient regulatory process.

Global Vision: $13 Billion Capital Commitment from a $75 Billion Unicorn

Revolut’s US strategy is just part of a broader global expansion ambition. The company announced an international expansion plan for 2025, committing $13 billion over five years to support its growth activities in multiple countries. After a share sale in November 2025, the company was valued at $75 billion, making it one of the most valuable fintech companies worldwide today.

This capital commitment demonstrates Revolut’s determination to become a fully regulated financial institution, not just a fintech app.

Global Approval Network: From London to Bogotá, Mexico City, and Nicosia

Revolut is not only focused on the US market but is also actively securing regulatory approvals in many other countries. In the UK, the company received a restricted banking license from the Prudential Regulation Authority in 2024, a significant step toward becoming a fully licensed lender.

Internationally, Revolut has established a broad network of certifications. By the end of 2025, the company obtained banking licenses in Colombia and Mexico. Notably, in October 2025, Revolut received a regulatory license for the digital asset market from the Cyprus Securities and Exchange Commission, further expanding its regulated cryptocurrency services.

All these advancements show that Revolut, as a leading fintech unicorn, is gradually transforming from a crypto-friendly fintech app into a fully licensed financial organization. The US strategy is just one of many strategic steps to safeguard and expand its position on the global financial map.