Cetin Duransoy, Revolut’s US CEO, expects the American entity to start its operations in 2027, with headquarters in Stamford and Connecticut
The United Kingdom’s fintech giant Revolut, which recently started its banking services in the United States, will likely offer FDIC-insured products such as high-yield investment and checking accounts.
Cetin Duransoy, Revolut’s recently appointed US CEO, told Reuters that the fintech giant’s American clients will also have access to stablecoins, deposits in different currencies, and trading in stocks or cryptocurrencies. The fintech firm, in March 2026, applied for a US national bank charter.
Duransoy expects Revolut’s US bank to start its operations in 2027, with headquarters in Stamford, Connecticut, and an office in New York.
Stating that Revolut has 75 million clients globally, out of which one million are United States-based, Duransoy remarked, “The first target will be clients with international needs, as the app offers services in more than 30 currencies. We’ll begin by focusing on business and retail customers that need multiple currencies, such as dollars, rupees, or Latin American currencies.”
“Clients will have access to ATM networks, but the bank will not have any branches,” he noted further.
Revolut, which reported 4.5 billion pounds (USD 6 billion) in revenue and 1.3 billion pounds (USD 1.75 billion) in net profit in 2025, has still remained private. In its last funding round, which was held in November, the fintech giant was valued at USD 75 billion.
As per the multiple reports and CEO Nik Storonsky, the company will not seek to list its shares before 2028.
The launch of Revolut’s US operations, as per the analysts, will help the business to cash in on the growing demand for digital banking platforms in the world’s largest economy, driven by younger consumers. As per the PYMNTS Intelligence, 13.8% of consumers now use a digital bank as their main financial institution.
Gen Z, on the other hand, is managing financial tasks using the same apps they turn to for shopping, communication, and entertainment. As per PYMNTS Intelligence, while the trend does not reflect a preference for traditional banking, it is for one where payments, savings, and spending are part of the same digital environment.
“For providers, the read-across is that the firm that captures daily engagement is more likely to become the primary account. For banks eyeing competition from the neobanks, some of the latter are beginning to operate with the same economic levers,” PYMNTS Intelligence said.
