British fintech giant Revolut has unveiled plans to acquire a US bank in an effort to boost its global expansion strategy and lay the groundwork for introducing consumer credit services in its home market.

The company’s leadership highlighted that expanding their international presence remains a top priority. However, they noted that of the total $13 billion investment over 2030, approximately $4 billion will be dedicated to projects within Britain. This substantial financial commitment underscores Revolut’s long-term vision for the UK market.

Revolut intends to maintain its strong ties with the UK while exploring avenues such as acquiring a US bank or applying for a local banking licence in that region. Currently, the priority is on securing a UK banking licence through an ongoing application process, expected completion by the end of 2025. Additionally, Revolut plans to transfer existing customer accounts into the new financial entity and provide enhanced credit options.

Details of Revolut’s Strategic Plans for US Expansion

Reuters reported that Revolut has been considering buying a US bank since July 2025 to expedite the process of gaining a local banking licence. This move is seen as a strategic step to circumvent the lengthy application procedures and leverage an existing US financial institution’s licence, allowing for quicker market entry.

Meanwhile, Revolut continues to focus on its UK expansion plans, including hiring 1,000 new staff members and capitalizing the new UK bank. The company is also set to enter up to 30 additional markets by 2030, covering regions in Latin America, Asia, and the Middle East.

Last year, Revolut secured a partial UK banking licence after a protracted three-year application period. While it had hoped for full authorization, restrictions imposed during this interim phase are expected to continue until at least 2026.