Revolut Launches Digital Bank in the U.S.

Revolut has become one of the hottest European fintechs and is now launching in the U.S. where anyone can sign up for a Revolut debit card; the company is partnering with Metropolitan Commercial Bank where deposits will be insured up to $250,000; Revolut has more than 10 million customers around the globe and just recently raised $500mn in funding; while the company offers a range of services in Europe they are starting with the basics for their U.S. launch with plans to expand later; As the cost of living increases disproportionately to people’s take home salaries, now more than ever, people need to know exactly what is coming in and out of their account. They should have the tools to help them manage their money more conveniently and accurately”, said Nik Storonsky, Founder & CEO of Revolut, in a press release announcing the launch. Tech Crunch

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