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British financial technology company
Revolut Ltd.
Company type
Private
Industry
Financial technology
Founded
1 July 2015; 8 years ago (2015-07-01)
Founders
Nikolay Storonsky
Vlad Yatsenko
Headquarters
London, England, UK
Area served
UK, EEA, Switzerland, Australia, NZ, Japan, Singapore, US, Brazil
Key people
Nikolay Storonsky (CEO), Vlad Yatsenko (CTO)
Products
current accounts, debit cards, stock trading, personal loan, foreign exchange, insurance, BNPL, Business account
Services
Peer-to-peer payments, currency exchange
Revenue
£923 million (2022)[1]
Net income
£5.8 million (2022)[1]
Number of employees
7,500[2] (2023)
Website
revolut.com
Revolut is a global neobank and financial technology company with headquarters in London, UK that offers banking services for retail customers and businesses.[3] It was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko. It offers products including banking services, currency exchange, debit and credit cards, virtual cards, Apple Pay, interest-bearing "vaults", personal loans and BNPL (where it has a banking licence), stock trading, crypto, commodities, human resources and other services.[3]
The European Central Bank granted the company a full banking licence in December 2021, and Revolut, with its banking services, is available in 30 countries.[4][5]
In November 2020 Revolut was breaking even and, with a £4.2 billion valuation, became the UK's most valuable fintech company.[6] A US$800 million funding round in July 2021 brought the company's valuation to US$33 billion, making it the most valuable UK tech startup at the time.[7][8][9] In 2022, customer deposits at Revolut reached £12.6 billion ($15.5 billion).[10]
As of December 2023, Revolut more than doubled its headcount, employing over 7,500 people in more than 25 countries.[11]
Revolut Bank UAB, the firm's European Economic Area subsidiary, is licensed and regulated by the Bank of Lithuania within the European Union, and depositors' money is protected through deposit insurance, insured by the Lithuanian State Company Deposit and Investment Insurance.[12]
^ ab https://cdn.revolut.com/pdf/annualreport2022.pdf
^ ab"Revolut to offer "secret sauce" HRtech to "select" companies in new B2B offering". Tech.eu. 2023-11-16. Retrieved 2024-02-21.
^AltFi (2022-03-25). "Revolut launches as a bank in Ireland". AltFi. Retrieved 2024-02-21.
^AltFi (2022-01-12). "Revolut launches as a bank in 10 more European countries". AltFi. Retrieved 2024-02-21.
^Makortoff, Kalyeena (22 December 2023). "Fintech firm Revolut hit by £25m loss after rise in staff wages". The Guardian.
^Megaw, Nicholas (15 Jul 2021). "Revolut valued at $33bn after $800m fundraising". Financial Times. Archived from the original on 18 July 2021. Retrieved 15 Jul 2021.
^"Revolut becomes most valuable UK start-up after £24bn valuation". BBC News. 2021-07-15. Archived from the original on 2021-07-22. Retrieved 2021-07-16.
^Metcalf, Tom; Spezzati, Stefania (15 July 2021). "Revolut Draws SoftBank Investment to Hit $33 Billion Value". Bloomberg News. Archived from the original on 26 July 2021. Retrieved 7 August 2021.
^"2022 Annual Report" (PDF). 2022 Annual Report.
^"As Revolut expands wildly, 40 people are applying for each job". eFinancialCareers. 2023-01-16. Retrieved 2024-02-29.
^PYMNTS (2021-12-21). "Revolut Bank Granted Full EU Banking License Amid Criticisms of Unfair Competition". PYMNTS.com. Retrieved 2024-02-29.
Revolut is a global neobank and financial technology company with headquarters in London, UK that offers banking services for retail customers and businesses...
British-Ukrainian software engineer and co-founder of the fintech company Revolut, the most valuable fintech company in the U.K., worth $33 billion. Yatsenko...
businessman. He is the co-founder and CEO of the financial technology company Revolut. Storonsky was born into the family of a senior Gazprom manager. His father...
(subsidiary of the Swedish bank) AB SEB bankas (subsidiary of SEB, Sweden) UAB Revolut Bank (subsidiary of the British bank) AB Šiaulių bankas (Lithuanian) UAB...
made over 100 early-stage investments between 2000 and 2020, including Revolut, Betfair, The Hut Group, MySQL, Yoox, Depop, Talend, Recorded Future, NaturalMotion...
banks are Bank of Valletta and HSBC Bank Malta. Digital banks such as Revolut have also increased in popularity. The Central Bank of Malta (Bank Ċentrali...
of $2.7 billion. With its new valuation of $2.7 billion, N26 overtook Revolut as the most valuable mobile bank in Europe. On 11 July 2019 N26 soft launched...
Nederland N.V. Amsterdam Trade Bank Argenta Commerzbank AG Deutsche Bank N26 Revolut Royal Bank of Scotland (ceased Dutch operations in February 2015) TransferWise...
rotate but not slide (of a joint) "Revolute", a song by 12 Rods from Gay? Revolut This disambiguation page lists articles associated with the title Revolute...
online education. In January 2019, the German direct bank N26 overtook Revolut as the most valuable mobile bank in Europe with a valuation of $2.7 billion...
February 2020. In July 2020, Paxos launched its crypto brokerage with Revolut as the first client. In October 2020, PayPal announced that it would offer...
seen as a reaction to the emergence of FinTech competitors such as N26 or Revolut in Switzerland and shall help to better attract young clients. In July...
Oliveira (born 23 October 1955) is an American businessman, the former CEO of Revolut USA, and the former President of Avidbank. Previously, he worked in senior...
Revolut also has an e-money licence and headquarters in Vilnius, furthermore in 2019 it began to move its clients to the Lithuanian company Revolut Payments...
O'Halloran, Barry. "Andy Murray among Revolut investors on Seedrs". The Irish Times. Retrieved 4 June 2020. "Revolut's $5.3 million crowdfunding campaign...
credit unions use Mastercard Debit cards, as well as the exiting bank KBC. Revolut, with over 2 million customers in Ireland, varies between Mastercard and...
In 2024, HSBC announced an international payments app, a competitor to Revolut and Wise apps. It will also focus on retail customers and low-cost currency...
Transilvania Group) TechVentures Bank ING BNP Paribas Personal Finance Revolut TBI Bank Bank of China Blom Bank France BNP Paribas Citibank Europe PKO...
been invested in Facebook, Skype and Xing; other examples are Klarna and Revolut. Hommels graduated with a Master of Science in Business Administration...
employees on LinkedIn, several users described his post as "tone deaf". N26 Revolut Wise "Klarna Bank AB 2022 Annual Report" (PDF) (pdf). Klarna. Archived...
launched payzy, a mobile wallet (similar to EEA commercially available Revolut) and allows payment of state bills using the country's interbank services...
Global Information
£923 million (2022)[1]