Revolut
Sub-Category: Fully Digitally Native Bank (Retail); Money Transfer (P2P / P2B / B2P / B2B)
Global money transfer and multi-currency account service
Revolut is a financial technology company that offers a range of digital banking services through its mobile application. It was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko in London, United Kingdom. Revolut's headquarters are located in Canary Wharf, London. The company has rapidly expanded its operations and currently serves customers in multiple countries worldwide. It has offices in major cities such as New York, Dublin, Berlin, and Singapore, allowing it to cater to a global audience. The main products offered by Revolut include a mobile banking app, a prepaid debit card, and a range of financial services. The app allows users to open an account quickly, make payments, and manage their finances digitally. The prepaid debit card enables users to spend money abroad with no hidden fees or unnecessary charges, making it particularly popular among frequent travelers. Revolut also offers features like currency exchange, cryptocurrency trading, stock trading, and peer-to-peer payments. The company's app provides real-time notifications, budgeting tools, and insights into spending patterns to help users manage their money effectively. As of now, Revolut has not reported any noteworthy subsidiaries, joint ventures, or partnerships. However, it collaborates with various financial authorities and partners with major companies to enhance its services and expand its customer base. In terms of market position, Revolut has emerged as a key player in the fintech industry. The company has experienced significant growth since its inception, boasting over 16 million customers worldwide. It competes with other digital banking providers such as N26 and Monzo, but stands out due to its extensive range of services and global presence. Revolut has achieved several major milestones over the years. In 2018, it was granted a European banking license, allowing it to offer more comprehensive banking services to its customers. The company has also expanded its product lineup to include features like cryptocurrency trading and stock trading, catering to the growing demand for digital financial services. As of now, Revolut continues to grow and expand its operations globally. It has recently announced plans to expand into new markets, including the United States and India. The company aims to become the go-to digital banking platform for customers around the world, offering innovative solutions and exceptional customer service.
VC Stage: To be confirmed
