Revolut has named a US chief executive officer to run the firm’s operations across the Atlantic following its submission for a US banking licence.
The London-headquartered fintech giant confirmed on Thursday that it has applied to the US Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation for a national bank charter that will allow it to go by Revolut Bank US in the States.
Revolut has named Cetin Duransoy, former chief executive of Raisin and a former employee of Capital One and Visa, as its new US CEO, succeeding Sid Jajodia, who has been made Revolut’s global chief banking officer.
“The United States is a key pillar of our global growth strategy. Filing for a national bank charter is a major milestone toward our vision of building the world’s first truly global banking platform,” said Revolut co-founder and chief executive Nik Storonsky.
“This charter will give us the direct control needed to innovate faster and deliver the Revolut experience to millions more Americans as we move toward our goal of 100 million customers.”
Revolut operates in more than 40 markets globally and recently expanded its operations across the US border in Mexico.
It secured a banking licence in the UK in July 2024, however, it has still not been progressed beyond the mobilisation phase, meaning it cannot yet fully operate as a bank in its home market.