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 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 about 60 employees. For Revolut, the attractiveness of this acquisition lies mainly in Fups' regulatory status, rather than its customer base or technology.