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UK FinTech Giant Revolut in Talks to Acquire Turkish Digital Bank Fups

Summary: According to Bloomberg, UK FinTech giant Revolut is in talks to acquire Turkish digital bank Fups 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 around 60 employees. For Revolut, the appeal ...

According to Bloomberg, UK FinTech giant Revolut is in talks to acquire Turkish digital bank Fups 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 around 60 employees. For Revolut, the appeal of this acquisition lies mainly in Fups' regulatory position rather than its customer base or technology.

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