Revolut aims to become global bank with presence in over 100 countries

Revolut is entering a new growth phase, setting a goal to transform the financial technology firm into a global bank operating in over 100 countries. The company currently has 80 million customers across 40 countries and has secured banking licenses in France, the UK, and the US. Co-founder and CEO Nik Storonsky noted that the firm’s operational philosophy is informed by the collapses of Credit Suisse and Lehman Brothers.

Revolut, which has a valuation hovering around $115 billion, is building a unified banking platform to operate across diverse markets and regulatory regimes. This expansion faces obstacles including geopolitical fragmentation, sanctions, and increasingly strict requirements from supervisory authorities. The firm is also pursuing a conditional US bank charter from the Office of the Comptroller of the Currency.