Revolut is in talks to acquire the Turkish digital bank Fups

According to Bloomberg, British 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 an initial capital of approximately $81 million and currently around 60 employees. For Revolut, the appeal of this acquisition lies primarily in Fups' regulatory status rather than its customer base or technology.