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

BlockBeats News, January 7th - According to Bloomberg, UK fintech giant Revolut is in talks to acquire Turkish digital bank Fups, aiming to expedite 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 about $81 million and currently around 60 employees. For Revolut, the appeal of this acquisition lies mainly in Fups' regulatory status rather than its customer base or technology.