Meet the British digital bank trying to conquer America

Valued at $5.5 billion, Revolut has more than 15 million customers around the world and last spring it quietly entered the US market. In a bid to gain the trust of American consumers, Revolut plans to submit an application with federal regulators this year for a bank charter in the United States, the company exclusively told CNN Business. Bank charters, which allow companies to hold customer deposits and make loans without a partner bank — are very rare for fintech companies — and unheard of for foreign startups. But Revolut is trying to stand out in the ultra-competitive US market by pitching itself as a digital one-stop shop.

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