UK-based fintech powerhouse Revolut is stepping up its global ambitions with eyes set on Turkey. Sources reveal the company is in talks to acquire local digital bank Fups, aiming to secure a fast track into one of Southeast Europe’s most dynamic financial markets through an existing regulatory framework.
Licensing Edge Drives Acquisition Interest
Fups operates under Turkey’s fully licensed digital-only banking regime introduced in 2022, backed by $81 million in initial capital. While its customer base and tech infrastructure are still scaling, its rare regulatory standing makes it a strategic asset for international fintechs seeking compliant market access.
Acquiring a licensed entity allows Revolut to bypass lengthy authorization processes, enabling swift deployment of services without starting from scratch.
Expanding Footprint Across Emerging Markets
- Turkey offers access to over 85 million tech-savvy consumers
- Strategic bridge between Europe and Asia for regional growth
- High mobile penetration and rising demand for digital finance
This move underscores Revolut’s long-term vision to strengthen its presence beyond Western markets. A successful deal could position the company as a key player in shaping the future of digital banking across emerging economies.