Revolut, one of Europe’s hottest fintech startups, is launching in the U.S.
The London-based company made a name for itself by consolidating numerous aspects of a user’s financial life into a single mobile app, including a bank account, an investment account that lets users trade stocks, commodities and cryptocurrencies, travel insurance and more.
Revolut calls its app, which is accompanied by a physical debit card, “Financial Super App,” as it aims to let consumers “manage all aspects of their financial life.” The app is available on iOS and Android and is easy to set up and use.
Not all features will be available in the U.S. at launch. Initially, customers will be able to set up a Revolut account from their smartphone, enabling them to make payments and deposit salaries. The company says that deposits in the U.S. are FDIC insured up to $250,000 through a partnership with Metropolitan Commercial Bank. …