Revolut reaches 20 million retail customers on its seventh anniversary

By Joy Dumasia

Revolut, the global financial super app, has surpassed 20 million retail customers worldwide and is now processing over 250 million transactions a month. Both achievements come as Revolut celebrates its seventh anniversary, it is continuing to expand its global workforce, topping 5,000 employees globally. Over the past year, Revolut has opened several offices in locations such as New York, Tokyo, Madrid, Barcelona, Paris, Mexico City, Berlin, Budapest and Bucharest. Additionally, new offices in Mumbai and Bangalore are set to open later this year.

Launched in the UK in 2015, Revolut offers money transfers and exchanges. Over 20 million of its retail customers around the world use dozens of innovative Revolut products, including peer-to-peer payments, Saving Vaults, Junior, Stays, and Trading. In the past twelve months, Revolut has launched various new features, including On Demand Pay in the UK and personalised Loans in Ireland, and was named as one of TIME100 Most Influential Companies. With services in 36 countries, the journey continues as Revolut looks to expand into new markets, including India, Mexico and Brazil.

Nikolay Storonsky, Chief Executive Officer, commented: “Revolut reaching 20 million customers and 250 million transactions a month is another milestone we’re proud of. When we started Revolut seven years ago, we wanted to give people more control over their financial well-being through the use of our technology, offering a service that addresses all their financial needs in one place. We are still a young business, but our growth over the last few years shows the increasing demand for our products all over the world. 

As important as this milestone is, we are still at the start of our journey and intend to keep pushing the boundaries of financial innovation to build the world’s first global financial superapp. This is just the beginning…”

Vlad Yatsenko, Co-Founder and CTO, commented: “In just seven years, Revolut has grown exponentially. We are now more than 5,000 strong, with new and long-standing staff helping to deliver for our customers on a daily basis. Today’s announcement, as well as the company’s seventh anniversary, is one to savour and enjoy, but it is also evidence that there is still so much to achieve in this space. We remain focused on developing new and innovative products for our customers and look forward to celebrating the next milestone in the near future.”

IBS Intelligence reported that Revolut, the super-app with over 18 million retail customers globally and more than 500,000 corporate clients, is launching Revolut Reader in the UK and Ireland. A fast and powerful lightweight card reader, the new product is designed to allow merchants of all kinds to accept payments anywhere, whether their business is in-person or on the go.