Revolut is a digital banking alternative that includes a pre-paid debit card, currency exchange, cryptocurrency exchange and peer-to-peer payments.
Revolut help customers improve their financial health, give them more control, and connect people seamlessly across the world.
Revolut was founded in June 28, 2014 by Nikolay Storonsky and Vlad Yatsenko. The company is headquartered in London, UK.
Revolut offers banking services including GBP and EUR bank accounts, debit cards, fee-free currency exchange, stock trading, cryptocurrency exchange and peer-to-peer payments. Its mobile app supports spending and ATM withdrawals in 120 currencies and sending in 29 currencies directly from the app.
Revolut also provides customers access to cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and XRP by exchanging with 25 fiat currencies. A fee of 1.5% for buying or selling applies. Crypto cannot be deposited or spent, only converted back to fiat inside Revolut.
Revolut now has more than 16 million customers around the world who uses dozens of its innovative products to make more than 100 million transactions a month.
Revolut is backed by SoftBank, Tiger Global, DST Global, TCV, Global Founders Capital, Index Ventures, Greyhound, and others. The company raised $800M in a new round on Jul 15, 2021. This brings Revolut's total funding to $1.7B to date. The new round valued the company at $33B, a sixfold increase on the $5.5B valuation gained from the last funding raised in Jul 2020.