CoinVoice has learned that, according to Bloomberg, UK fintech giant Revolut is in acquisition talks with Turkey's digital bank Fups, aiming to accelerate its entry into the Turkish financial market. Fups holds a full digital banking license under Turkey's branchless banking framework launched in 2022, with initial capital of approximately $81 million and about 60 employees. For Revolut, the main attraction of this acquisition is Fups' regulatory status rather than its customer base or technology.
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CoinVoice has learned that, according to Bloomberg, UK fintech giant Revolut is in acquisition talks with Turkey's digital bank Fups, aiming to accelerate its entry into the Turkish financial market. Fups holds a full digital banking license under Turkey's branchless banking framework launched in 2022, with initial capital of approximately $81 million and about 60 employees. For Revolut, the main attraction of this acquisition is Fups' regulatory status rather than its customer base or technology.