Saturday, June 22, 2024

Revolut applies for US Bank Charter

By DAC000 , in Fintech neobank Revolut , at March 22, 2021 Tags: , ,

license, according to Techcrunch. They’ve also applied for a UK Banking License. About a one minute read.

Comment: of course this is a natural step for Revolut, considering how competitive their core market presently is. It will be interesting to see what comes first — a US Bank Charter, a UK Bank License or bankruptcy. Revolut doesn’t have much USP presently, and increasing competition. Oh I guess I left a fourth option out — acquisition. That’s actually the most likely outcome.