Revolut Technologies Inc., a financial application that offers affordable and responsible credit, mobile banking, and payment products to everyday consumers, announced today that it reached 25 million retail consumers across the globe.
Though only founded in London in 2015, Revolut has already surpassed 25 million retail customers, a huge milestone for the company. Given the popularity Revolut has achieved, it’s no surprise that the process more than 330 million transactions each month, many of which involve Revolut’s Spending Account.
Revolut’s growth continues at pace. We have continued to build out our unique product offering across the globe, expanding into new markets with new customers. Topping 25 million customers in just over seven years is a fantastic achievement for the company. We can’t wait to bring our product to many more in the weeks and months ahead,” said Nikolay Storonsky, Revolut’s Chief Executive Officer.
The company plans to continue expansion efforts into Australia, which is currently set to release Revolut Business in Australia in 2023. Besides its efforts to continue expansion, Revolut is also making changes to its app, as plans to roll out “Revolut Lite” are already in the making.
In addition to Revolut Business, the company’s Spending Account has been a major draw for many consumers. Not only do consumers receive 1% on their purchases, but they can also receive up to $1,200 in ATM fee rebates. Users can also get their paychecks up to two days earlier, making this checking account a worthwhile investment.
- Over just seven years, Revolut surpassed 25 million retail customers.
- With the help of this expansion, Revolut processes over 330 million transactions each month.
- Revolut banking products are available in all 50 states.
Revolut is building the world’s first truly global financial superapp to help people get more from their money. In 2015, Revolut launched in the UK offering money transfer and exchange. Today, more than 16 million customers around the world use dozens of Revolut’s innovative products to make more than 150 million transactions a month. Across our personal and business accounts, we help customers improve their financial health, give them more control, and connect people seamlessly across the world.