TechFlow 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 an initial capital of approximately $81 million and currently employs around 60 people. For Revolut, the appeal of this acquisition lies primarily in Fups' regulatory status, rather than its customer scale or technology.
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