Revolut is a digital banking alternative for instant payment notification and free international money transfers and global fee-free travel.

Type: Private
Funding Status: Series D
Foundation year: 2015
Location: London, England, United Kingdom
Number of employees: 1001-5000
Founders: Nikolay Storonsky, Vladyslav Yatsenko
Target geographic market:



The British Bank Awards: Innovation of the Year (March 2020); World Finance Digital Banking Awards 2018: Best Digital Bank in the UK

About Product/Service
Products UK current accounts, EURO current accounts with IBAN, prepaid cards, virtual prepaid cards, cryptocurrency exchange, cryptocurrency transfers between Revolut users
Core product offerings for individual/retail customersUK Personal/Business Current Account
Differentiating features of productRevolut has a few features no other banking app offers: namely, a multi-currency account, fee-free international money transfers, cryptocurrencies and an insurance option that can be added on the go.
Core product for bussiness customers1. UK and EU accounts. Can hold 29 currencies. 2. App-based banking. Freeze the card on the go, get instant notifications, categorise and visualise your spending. 3.Fee-free international money transfers. 4. Fee-free spending abroad. 5. Put money aside in a Vault to save towards a goal. 6. Travel and device insurance can be added (and paid by the day, with great flexibility).
Regulators/ComplianceGDPR, PSD2, SCA, RTS, AMLD5/CFT policies, CRR, PPI, MiFIDll, Basel III, SEPA, IFR
The Base Currency£ (GBP)
Number of Currencies SupportedOver 30
Product costRevolut Standard: £0/mo; Revolut Premium: £6.99/mo; Revolut Metal: £12.99/mo
Openning a current account (business and personal)Free
Issuing physical card and delivery£4.99 or currency equivalent for standard delivery, £11.99 or currency equivalent for express delivery to the UK ,€19.99 or currency equivalent for express delivery outside the UK The delivery charge may be more depending on where you are sending the card
Currency exchanges0.5% markup on all currency exchanges done during the weekend
ATM withdrawals2% fee on ATM withdrawals after the first £200 each month
(a) a personal accountYes
(b) a business accountYes

Key people

Funding rounds

Last Funding Date Jul 24, 2020
Last Funding Amount $80M
Last Funding Type Series D
Total Funding Amount $917M
Number of Funding Rounds 16


Customer/Products segments Business Accounts, Business Lending, Consumer Lending, Credit Card:Visa, FX, Individual/Retail Accounts, Mortgages (Residential), Overdrafts, Remittance/International Transfers, Multi-Currency Accounts, Cryptocurrency, P2P Payments, Insurance
Key product offeringPersonal accounts (Standard, Premium, Metal, Junior); Business Accounts: Revolut Business
Major shareholdersTSG Consumer Partners, TCV, Future Fifty, DST Global, Index Ventures, TriplePoint Capital, Mastercard Start Path, Balderton Capital
Banking licenseThe app was granted a European banking licence by the Bank of Lithuania in 2018, but in the UK has operated as an FCA authorised e-money institution. In 2020 applied to UK banking license
Type of customersIndividuals, businesses
Number of customersOver 12M personal customers, over 500k business customers, over 35 countries supported
Estimated revenue$50M to $100M
Number of investors 39
Number of lead investors8
Names of lead investorsTSG Consumer Partners, TCV, Future Fifty, DST Global, Index Ventures, TriplePoint Capital, Mastercard Start Path, Balderton Capital

Tech stack

The technologies that underpin a platform (FX, identity, infrastructure, security, payments gateways, business systems, APIs, etc.) open source platform, Docker, Git Hub, Git, Stripe, AWS cloud, React, Phyton, Cloudflare, APIs, mobile apps - Android and iOS. Apple Pay and Google Pay, biometrics tech powered by Onfido
Devices supportediOS, Android


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