Revolut has appointed Cetin Duransoy as its U.S. CEO as the company moves forward with a key step in its North American expansion, filing an application for a U.S. national bank charter. Duransoy succeeds Sid Jajodia, who will transition to the role of Global Chief Banking Officer. The leadership change comes as Revolut seeks to establish a stronger operating presence in the U.S. through a proposed entity, Revolut Bank US, N.A., pending regulatory approval.
The bank charter would allow Revolut to operate under a single federal framework and gain direct access to core payment systems, including Fedwire and ACH. It would also enable the company to offer insured deposits and expand into lending products such as personal loans and credit cards. The move reflects a broader shift toward greater control over product development, pricing, and customer experience in a market that remains central to the company’s growth strategy.
Duransoy brings more than two decades of experience across banking, payments, and technology. He most recently served as U.S. CEO of Raisin, where he expanded the platform’s network to more than 90 bank and credit union partners, and previously held roles at Capital One and Visa. His appointment aligns with Revolut’s push to scale its U.S. operations alongside recent international milestones, including new licenses and market entries across Mexico, India, and the UAE.
Revolut currently serves more than 70 million customers across 40 markets and has outlined plans to reach 100 million users in the coming years. The U.S. charter application represents a step toward that goal, positioning the company to deepen its presence in one of the world’s largest financial markets while expanding its global banking footprint.