By Oliver Smith on Tuesday 1 June 2021
The digital challenger is aiming to reach 1m American customers by early 2022.
After a tumultuous 2020 put many European fintechs’ plans for US expansion on ice, Revolut is preparing a huge marketing push that it hopes will help it reach 1m American customers by early next year.
“We are investing heavily in growth in the US over the course of this year,” Davis said. “Overall, it's one of the largest bets that we have as an organization.”
The Dallas hub will primarily focus on Revolut’s business bank account, which the fintech believes can have a big impact on the US market.
The CEO described 2021 as a “watershed year” for the fintech in the States, where it has also recently submitted its application for a banking licence.
“India is a core market in our expansion strategy with a huge supply of talent, and we’re excited to tap into that talent pool to help Revolut go from strength to strength,” said Revolut’s CEO and co-founder Nikolay Storonsky last month.