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Revolut to reportedly launch US bank in 2027
Revolut confirmed plans to launch a US banking operation in 2027 with FDIC-insured deposits, loans, credit cards, and crypto access, following its March 2026 application for a national banking licence. The company is confident of regulatory approval given direct engagement with the OCC and FDIC, and a shift toward more receptive US banking regulation.
This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur, Fusion42's AI co-founder, reasons over.
The Wire takeaway
If you're building fintech infrastructure for US deposits, payments or credit — Revolut just proved the OCC will grant licences to foreign players, and you now have a customer with $500m to spend and over one million active US users. The competitive window for infrastructure suppliers to licensed players is closing fast.
Read the full story at thepaypers.com →
Topics: Fintech · banking-licence · us-expansion · challenger-bank · regulatory-approval · crypto-access