Revolut makes second attempt at US bank charter, names new CEO for US business

Revolut’s renewed push for a US banking license follows a failed 2021 attempt, as the $75 billion fintech expands globally.

Fintech company Revolut filed a new application for a US national bank charter as it renews its push into the North American market, marking the company’s second attempt to secure a US banking license.

The London-based company said Thursday that it submitted an application to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation to establish “Revolut Bank US, N.A.”

The company also appointed fintech veteran Cetin Duransoy as the company’s new US CEO. Duransoy brings more than two decades of experience in banking, payments and technology. He previously served as US CEO of fintech marketplace Raisin. Duransoy replaces Sid Jajodia, who will remain with the company as global chief banking officer.

Read more