(Jan 7): Revolut Ltd is in talks to acquire Turkish digital bank FUPS to start offerings its services in the country, according to people familiar with the matter. A spokesperson for Revolut said the company doesn’t comment on “market rumours or speculation.” FUPS declined to comment. The platform garnered a US$75 billion (RM304.32 billion) valuation in November, cementing its status as one of Europe’s most valuable startups. FUPS, a little known Turkish bank offering fintech services, received a licence in 2022 with a founding capital of 1.5 billion liras, which amounted to just over US$81 million at the time. As of September, the company had 60 employees, according to most recent data available from the Turkish Banks Association.

Source: The Edge Markets January 07, 2026 07:47 UTC