Revolut Appoints US CEO as Part of Expansion Strategy

Revolut has officially appointed Cetin Duransoy as its new US CEO to steer the company through its next phase of growth in North America. 

This leadership transition coincides with the London-headquartered fintech firm officially submitting its application to the US Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) for a national bank charter.

The filing represents a pivotal step for the company, which currently serves 70 million customers across 40 markets.

The move would see the entity operate as Revolut Bank US, N.A. and represents a definitive shift in the firm’s North American strategy. As the company seeks to transition from a digital wallet provider to a fully licensed financial institution, the appointment of Cetin positions the firm to navigate the rigorous US regulatory approval process necessary to scale its suite of retail and business services.

New leadership drives expansion

Cetin has been appointed as Revolut’s US CEO, succeeding Sid Jajodia, who will maintain a role in the company as Global Chief Banking Officer.

He brings extensive expertise to the CEO position, having more than two decades of experience spanning tech, payments and the finance industry.

In this position, Cetin is tasked with overseeing the company’s efforts to bypass the fragmented state-by-state regulatory landscape in favour of a single national framework.

He joins Revolut from his position as US CEO of Raisin, where he oversaw the successful scaling of the Raisin platform.

This role involved managing relationships encompassing more than 90 banks and credit union partners. Before his tenure at Raisin, he has held senior leadership roles at Visa and Capital One, providing him with the requisite background to manage Revolut’s ambitious roadmap.

Creating robust banking infrastructure

The transition to a licensed bank will alter Revolut’s strategy as it allows the company to reap several benefits regarding infrastructure and stability. By gaining direct access to payment rails like Fedwire and ACH, the company can improve transaction speeds and cost efficiency without relying on third-party partner banks. T

his structural change is essential for the company to replicate its European success, where it has already secured several banking licences to offer high-yield savings and credit products.

Once approved, Revolut intends to offer FDIC-insured deposits and launch proprietary credit products. These planned offerings include personal loans and credit cards, similar to the limited-edition Official Card from the Audi Revolut F1 Team recently released by the fintech.

According to the firm, the US national bank charter will facilitate faster products entering the market, providing customers with additional benefits.

Nik Storonsky, Revolut Co-Founder and CEO, says: “The US is a key pillar of our global growth strategy.”

“Filing for a national bank charter is a major milestone toward our vision of building the world’s first truly global banking platform,” he says “This charter will give us the direct control needed to innovate faster and deliver the Revolut experience to millions more Americans as we move toward our goal of 100 million customers.”

Scaling global footprint targets

This US expansion is part of an aggressive roadmap for the group. Having recently launched banking operations in Mexico and secured licences in India and the UAE, Revolut is currently on track to enter 30 new markets by 2030. The company expects to hit the 100 million customer milestone by mid-2027.

Financial stability remains a core narrative for the group as it pursues these targets. In November 2025, a secondary share offering valued the company at US$75bn. This valuation, the company claims, cements its status as one of the most valuable private technology companies in the world.

With a new global headquarters recently opened in London and a massive capital injection behind it, the firm is now focusing its resources on capturing the highly competitive US retail banking sector.