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fintech / news / / Bloomberg

Revolut Ltd. has applied for a US banking license and appointed a former Visa Inc. executive as chief for the region.

Revolut Ltd. has formally applied for a US banking license with national reach.

KEY POINTS
Revolut Ltd. has applied for a US banking license and appointed a former Visa Inc. executive as chief for the region, as the London-based financial technology giant rolls out its ambitious plans to expand in the world’s biggest market. The company, last valued at $75 billion in November, has sought the green light from both the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation to operate across all 50 states as Revolut Bank US, N.A., according to a statement on Thursday.
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