British fintech giant Revolut is in talks to acquire Turkish digital bank Fups.

This article is machine translated
Show original

[British Fintech Giant Revolut in Talks to Acquire Turkish Digital Bank Fups] According to a Bloomberg report on January 7th, British fintech giant Revolut is in acquisition talks with Turkish 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 currently employing about 60 people. For Revolut, the appeal of this acquisition lies primarily in Fups' regulatory status, rather than its customer base or technology.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments