British Fintech Firm Revolut Prepares to Launch Banking Services in Israel

The British fintech company Revolut has announced plans to expand its operations in Israel, actively recruiting specialists for key banking roles. The company is seeking to broaden its local presence and is in the process of obtaining a license that will enable it to offer a wider range of financial services, directly competing with established Israeli banks.

Revolut's hiring efforts include positions in lending, banking operations, debt collection, risk management, compliance, and anti-money laundering. This indicates the company is building not only a commercial presence but also the necessary infrastructure for a regulated financial institution. Job postings reveal Revolut's need for knowledge of Bank of Israel regulations, local consumer protection laws, and personal data legislation.

Discussions between Revolut and the Bank of Israel regarding a license under the "light bank" model, which permits deposit-taking and other banking services, began in 2025. The Israeli division of Revolut is led by Uri Nathan, the former CEO of Pepper.

The entry of Revolut into the Israeli banking market is significant due to the potential for increased competition in a sector currently dominated by major banks. The Bank of Israel has been promoting a simplified banking licensing process for new entrants since 2026. Revolut has not yet announced a specific date for the full commencement of its operations in Israel.