"On par with Amex and JPMorgan": Revolut is preparing to take on the leading U.S. banks

Revolut wants to “dominate” the U.S. market and plans to launch credit cards and loan services in the country as soon as it obtains a full banking license in the United States. The fintech company’s founder and CEO, Nick Storonsky, spoke about this in an interview with Bloomberg TV.

“This [U.S. market] has always been our goal, given its deep liquidity,” he emphasized. If Revolut decides to go public in the future, the digital bank would like to make the U.S. the primary venue for its initial public offering, the company’s top executive added. In a September interview with the French newspaper Les Echos, Storonsky spoke about a possible dual listing for Revolut—on two exchanges simultaneously: in New York and London. The bank does not plan to hold its initial public offering before 2028, Bloomberg notes.

Now, the head of fintech has noted that Revolut wants to “dominate” the U.S. market. In September, Revolut received conditional approval from the regulator to operate as a national bank in the U.S. In the future, this will give the company direct access to the Federal Reserve’s payment systems, allow it to accept government-insured deposits of up to $250,000, and enable it to offer personal loans and credit cards.

“Our offering will be on par with Amex or JPMorgan Chase,” said Storonsky, referring to American Express, according to Bloomberg. According to him, the company also intends to launch products in the U.S. market that these credit card giants do not offer. The agency does not specify exactly which solutions are being discussed.

JPMorgan Chase CEO Jamie Dimon said earlier this year that he “envies” Revolut, which has become one of the American bank’s biggest retail competitors in Europe.

Storonsky first spoke publicly about Revolut’s IPO plans in September. At that time, he also named the U.S. as the preferred venue for the company’s listing. According to the FT, the fintech company aims to increase its valuation to $200 billion ahead of its initial public offering. In July, its valuation rose to $115 billion.

The company applied for a banking license in the U.S. in March 2026. At that time, Revolut also received a full license in the U.K., and in August, in France. The service has more than 80 million customers worldwide, and the company has committed to investing $500 million in the U.S. over the next three to five years.

This article was AI-translated and verified by a human editor