Revolut

What Revolut does

Revolut Ltd is a London-headquartered financial technology company founded in 2015 by Nikolay Storonsky and Vlad Yatsenko that operates a mobile-first super-app serving more than 75 million customers across 40+ countries. Its core offering spans current accounts, multi-currency wallets in 30+ currencies, international transfers to 160+ countries, debit and prepaid cards on Visa and Mastercard networks, FSCS-protected instant access savings, commission-free stock and ETF trading, commodities, cryptocurrency trading via the standalone Revolut X exchange, insured travel products, business banking (Revolut Business, Pro, and Terminals), kids/teens accounts, and an MVNO mobile plan. Underlying the platform are AI-driven proprietary risk engines, biometric authentication, single-use virtual cards, and open-banking connectivity with 150+ banks across 21 markets, all delivered through the Revolut App as the primary distribution surface.

The company monetises through a five-tier subscription ladder (Standard free, Plus £3.99, Premium £7.99, Metal £14.99, Ultra £55 per month), tiered business plans (£10 to £125 monthly), interchange and card transaction fees, FX spreads, crypto trading fees (0% maker, 0.09% taker on Revolut X), interest on customer deposits (with daily-paid promotional AER up to 5%), merchant acquiring economics on payment processing and POS hardware (Revolut Terminal and Lite Terminal), and product fees on CFDs and premium subscriptions. Reported FY2024 revenue was $4.0 billion (+72% YoY) with FY2024 profit of $1.4 billion, scaling to approximately $6.0 billion revenue and $2.3 billion profit in FY2025. Distribution is predominantly product-led-growth mobile app downloads via Apple App Store and Google Play, amplified by referral incentives (£50 consumer, £1,000 business), supplemented by direct sales for enterprise, and partnered distribution such as the SpaceX IPO allocation channel.

The business model is anchored in a flywheel where PLG acquisition feeds deposit, card, and FX revenue streams, which in turn fund further licensing, AI capacity, and geographic expansion. As of 2026 Revolut holds full UK PRA banking authorisation, an EU banking licence via Revolut Bank UAB, full Mexican CNBV banking authorisation, FCA investment-firm permissions, Cyprus MiCA, RBI PPI, UAE SVF and Retail Payment Services Category II, and Peruvian organisation licensing, with a US de novo national bank charter pending. Regulatory friction is also material: the ECB imposed restrictions on new EEA product launches and a global M&A and onboarding moratorium in 2025 over risk and compliance shortcomings, and Ireland required reimbursement of 112,000 customers for ATM access fee errors. With an 11,000-13,000 person global workforce, a $75 billion secondary valuation in November 2025, and a planned IPO no earlier than 2028 targeting a $200 billion valuation, Revolut is structurally a global digital bank consolidating consumer, SMB, payments, and wealth use cases into a single mobile interface.

Name

Revolut

Legal name

Revolut Ltd

Website

http://www.revolut.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Revolut is a London-based mobile-first financial super-app serving 75+ million customers across 40+ countries with multi-currency banking, card payments, international transfers, savings, investments, crypto, and business banking, generating roughly $6 billion in FY2025 revenue through tiered subscriptions and transaction fees.

Ownership category

akta.pro rank

Product category

Digital Banking / Neobank

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211), Securities and Commodity Exchanges (52321), Portfolio Management and Investment Advice (523940)

SIC

National Commercial Banks (6021), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Retail-focused Neobanks (Mass Market) (FSABAFAA)

akta.pro secondary industry

Digital Banking & Neobank Platforms (BPAMAFAD)

Keywords

• Digital banking services
• Mobile payments
• Money transfers
• Cryptocurrency exchange
• Investment trading

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Subscription Revenue: Tiered subscription model with Standard (free), Plus (£3.99/month), Premium (£7.99/month), Metal (£14.99/month), and Ultra (£55/month). 2025 subscription income surge of 67% to $936 million
2. Card Payment Revenue: Interchange and transaction fees from card payments. 45% increase in card payment revenue totaling $1.3 billion in 2025
3. Trading and Investment Fees: Commission-free trading within monthly allowances with 0.25% fees beyond limits. Stock trading, ETFs, and commodities with Revolut Trading Ltd
4. Crypto Services: Revolut X exchange with 0% maker fees and 0.09% taker fees. Crypto trading, staking rewards, and cryptocurrency services generating significant revenue from spreads
5. Business/Pro Payment Processing: Payment processing for Pro and Business accounts with 1-2.8% transaction fees. Terminal hardware sales (Revolut Terminal £169, Lite Terminal £129). Cashback and merchant services
6. Interest and Savings: Interest income from customer deposits with savings accounts offering up to 5% AER. FSCS protection up to £120,000 via ClearBank partnership
7. International Transfers: Fee-based international money transfers to 160+ countries with competitive exchange rates and transfer fees

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels8 records

Core offering

Revolut operates a mobile-first digital banking super-app providing current accounts, multi-currency management, international transfers to 160+ countries, card payments, savings, stock and commodities trading, cryptocurrency exchange, and insurance. The platform serves 75+ million customers across 40+ countries through tiered subscription plans (Standard free through Ultra at £55/month), with dedicated business banking (Revolut Business), freelancer (Revolut Pro), and youth (Kids & Teens) offerings layered on the core infrastructure.

Product overview

Revolut operates as a super-app financial platform offering a comprehensive suite of banking and financial services through its core mobile app alongside specialized sub-products. The main Revolut App serves as the unified platform for 75+ million customers worldwide, providing current accounts, multi-currency management, international transfers, card payments, savings accounts, and investment services. The product ecosystem includes: stocks and commodities trading via Revolut Trading Ltd, cryptocurrency services through Revolut X exchange and Ramp, the loyalty program RevPoints, and insurance products. Business offerings encompass Revolut Business (for incorporated businesses), Revolut Pro (for freelancers), and Revolut Terminals (POS hardware). Family banking includes Kids & Teens accounts (ages 6-15) and accounts for 16-17 year olds. The platform extends to mobile services via Revolut Mobile (MVNO) and recently expanded into credit cards, private banking, and UAE market operations. The architecture follows a platform-plus-modules design where the core banking app serves as the hub, with specialized services (investments, crypto, business) as integrated modules.

Differentiator

Problem solved

Functional benefit

Brands

• Revolut X: Advanced crypto exchange platform offering 0% maker fees and 0.09% taker fees for professional crypto trading with access to 300+ tokens.
• Revolut Pro
• Revolut AIR

Products and services

• Revolut App (Core Banking Platform) Unified mobile banking platform providing current accounts, multi-currency management, international transfers, card payments, savings, investments, crypto trading, budget tools, and insurance. Serves as the primary interface for 75+ million customers across 40+ countries.
• Stocks & ETFs Trading Commission-free stock trading within monthly allowance with access to 4,000+ stocks and ETFs across UK, US, and EEA markets. Provides fractional shares, IPO access, and Learn courses for investor education. Operated by Revolut Trading Ltd (FRN 933846) under FCA regulation.
• Stocks & Shares ISA Tax-efficient ISA investment account allowing up to £20,000 annual investment free from UK income and capital gains tax. Fully flexible design permits withdrawal and redeposit within same tax year without affecting allowance. No monthly subscription cost with low trading fees.
• Commodities Trading Precious metals investment including gold, silver, palladium, and platinum. Users can purchase fractions of metals, set up spare change round-ups for automatic purchases, and access in-app news, price forecasts, and tailored price alerts. Commodities services not regulated by FCA.
• AIR (AI by Revolut) 24/7 AI-powered personal assistant accessible via in-app swipe interface. Provides conversational banking assistance, answers queries, and performs financial tasks using generative AI technology. Represents Revolut's primary AI interface for customer interactions.
• Revolut X Advanced crypto exchange platform separate from main Revolut app, available as mobile app and desktop platform (exchange.revolut.com). Offers 300+ tokens, 0% maker fees and 0.09% taker fees, TradingView charts, recurring buys, staking rewards, and API trading. Majority of funds held in cold storage.
• Revolut Ramp Crypto on-ramp service enabling purchase of cryptocurrency directly within the Revolut ecosystem. Part of broader Web3 ecosystem expansion including Polygon network integration.
• Crypto Services Cryptocurrency buying, selling, and trading integrated into the main Revolut app. Includes support for Dogecoin, Bitcoin, Ethereum, and other major tokens. Physical crypto debit cards with Dogecoin theme enable spending crypto balances at Visa/Mastercard terminals worldwide.
• Instant Access Savings UK savings account powered by ClearBank with FSCS protection up to £120,000. Interest rates vary by plan from 2.9% AER (Standard) to 4% AER (Ultra) on balances up to £200,000. Promotional 5% AER rate available for new customers June-August 2026. Interest paid daily with no minimum balance.
• RevPoints Loyalty and rewards program earning up to 1 point per £1 spent on eligible purchases. Points redeemable for Airline Miles (British Airways, Air France, Qatar Airways), Stays discounts, Gift Cards, Experiences, and Revolut Pay discounts. Boost multipliers available through Ultra plan and partner bookings.
• Revolut Business Scalable business banking platform for incorporated businesses providing multi-currency accounts supporting 25+ currencies, transfers to 150+ destinations, expense management, bulk payments, corporate cards, merchant services, and API integrations. Four subscription plans from £10 to £125/month.
• Revolut Pro Simplified business account within personal Revolut app for freelancers and sole traders. Offers up to 1% cashback on business spending, payment acceptance via online/lite terminal/tap to pay, invoicing, and cashflow analytics. No additional subscription fee with per-transaction processing fees.
• Revolut Terminals Hardware POS devices for in-person payment acceptance. Revolut Terminal (£169) includes built-in printer and QR code receipts. Lite Terminal (£129) offers digital-only option. Transaction fees from 1.5% per transaction. Available in UK, Ireland, Italy, Spain, Portugal, Netherlands, Belgium, Malta, Lithuania, Slovenia, Cyprus, Estonia, Finland, Slovakia, Sweden, Denmark, Czechia, Bulgaria.
• International Transfers Money transfer service to 160+ countries and territories in 70+ currencies. Offers competitive exchange rates, fee-free SEPA transfers within Europe, and various transfer methods including bank transfers, card transfers, Revolut-to-Revolut, and wallet transfers. Includes comparison against major providers like Remitly, MoneyGram, and Xoom.
• Multi-Currency Accounts Hold and exchange money in 30+ currencies with Revolut exchange rates. No additional fees Monday-Friday within plan allowance. Enables international spending and receiving salary payments in foreign currencies.
• Revolut Mobile MVNO mobile service via Gigs using Vodafone network. Unlimited UK data, calls, texts at £12.50/month (introductory) or £14.99/month. Includes 20GB roaming data in 30 EU countries and US, NordVPN subscription, and cancel-anytime flexibility.
• Insurance Products Travel insurance included with Metal and Ultra plans. Global insurance products arranged through Revolut Travel Ltd (FCA No. 780586) and Revolut Ltd as Appointed Representative. Teen accounts include various insurance benefits.
• Accounts for Ages 16-17 Solo account for 16-17 year olds without parental permission. Includes own account number and sort code, physical/virtual card, ATM withdrawals, multi-currency exchange (35+ currencies), Pockets for budgeting, and 2.9% AER savings rate. Spending analytics and 24/7 support included.
• Kids & Teens Accounts (Ages 6-15) Parental-controlled debit card and app for children ages 6-15. Parents manage spending limits, freeze/unfreeze cards, set trusted contacts, and monitor via instant notifications. Includes controls on gambling, cigarettes, and alcohol. Teens aged 13+ can receive pocket money automation and create accounts with parent approval.
• Joint Accounts Shared banking account for pairs, parents, or partners. Includes matching physical cards (Premium/Metal exclusive designs), dedicated Pockets for budget organization, salary automation, and encrypted in-app chat. FSCS protected up to £120,000 per person.
• Nobly POS Acquired POS payment processing company (November 2021) providing electronic point of sale software for hospitality industry. Enables small businesses to manage orders, inventory, online ordering, and customer loyalty from single platform. Operating in UK, USA, and Australia.
• Data Plans International data roaming packages available separately from mobile plan. Data-only options for travelers with coverage across multiple countries. Messaging Pass available for restricted-bandwidth messaging outside EEA and US.

Quantifiable outcome

• 30% reduction in authorized payment fraud through AI monitoring
• +5 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration17 records

AI capability13 records

Feature6 records

Partnerships

Eleven partnerships are on record, tiered minor, core and strategic.

• QuadrantminorGTM or Marketing Partner · 18 June 2026F1 World Champion Lando Norris co-founded Quadrant with expanded partnership with Revolut for campaigns and brand initiatives
• Marex FinancialminorGTM or Marketing Partner · 18 June 2026Official FX & Payments Partner providing services to Revolut customers alongside SpaceX IPO distribution partnership
• VisacoreTechnology or Integration · 17 June 2026Visa Click to Pay enabled for 13 million UK and 40 million European Revolut Visa cardholders. Tokenized credentials reducing fraud by 91% and speeding checkout by 20 seconds
• Central Bank of the UAEcoreOthers · 17 June 2026Regulatory partner granting Stored Value Facilities and Retail Payment Services (Category II) licenses for UAE market launch
• Standard CharteredstrategicTechnology or Integration · 17 June 2026Partnership for fiat payment infrastructure in UAE supporting on/off-ramps, client money accounts, and transparent settlement
• ElevenLabsstrategicTechnology or Integration · 1 June 2026AI voice agents handling customer calls with 99.7% success rates across 30 languages for Revolut's customer service operations
• Balderton CapitalstrategicGTM or Marketing Partner · 1 June 2026European VC backing 'Built in Europe' campaign alongside Revolut, Mistral, Wayve, and ElevenLabs to promote European tech talent and startups
• Cross River BankcoreTechnology or Integration · 29 July 2025US banking partner for Savings Vaults created after July 2025, Member FDIC, providing high-yield savings products
• CMC MarketscoreTechnology or Integration · 1 January 2024Partnership since 2024 providing CFD trading infrastructure covering 29 countries. CMC provides trading platform technology while Revolut provides customer distribution
• ClearBankcoreTechnology or Integration · 1 January 2020Banking partner powering Revolut's Instant Access Savings accounts in the UK with FSCS protection up to £120,000
• Lead BankcoreTechnology or Integration · 1 January 2020US banking partner issuing Revolut Prepaid Visa and Mastercard cards, Member FDIC

Scale indicators11 records

Recent moves14 records

Expansion highlights9 records

Direct peers

• Nubank: Largest Latin American neobank with a super-app model offering banking, credit, investments, insurance, and crypto across multiple countries. Most directly comparable to Revolut in mobile-first banking scale, product breadth, and emerging-market expansion playbook.
• Wise: Publicly listed UK-based cross-border payments and multi-currency account provider. Directly competes with Revolut on international transfers, multi-currency holding, and travel spending, and is the most cited alternative for Revolut's FX and remittance revenues.
• Monzo: UK-based retail neobank offering current accounts, savings, investments, and business banking through a mobile app. Direct head-to-head competitor to Revolut in the UK home market with overlapping product set and customer demographic.
• Starling Bank: UK challenger bank with full banking license serving retail and SMB customers with multi-currency accounts, business banking, and SaaS-style BaaB offerings. Competes with Revolut on UK retail, business banking, and platform banking services.
• N26: Berlin-based European neobank offering mobile-first current accounts, savings, and investments across multiple EEA markets. Closest direct competitor to Revolut in continental Europe with similar customer target and product philosophy.
• Chime: US-based neobank providing fee-free banking, savings, and credit products to mass-market consumers through mobile app and partner banks. Comparable in super-app positioning and freemium subscription tiers, and benchmark for Revolut's pending US bank charter launch.

Broad incumbents

• Adyen: Global payments platform serving large merchants with unified acquiring, processing, and banking services. Comparable to Revolut's payment processing arm (Revolut Business, Terminals, Pro) and provides a benchmark for card acquiring economics.
• PayPal: Global digital payments and commerce platform with consumer wallets, merchant acquiring, BNPL, and crypto. Overlaps with Revolut on multi-currency wallets, card payments, and crypto trading at much larger scale.
• Block (Square): US-based financial services and commerce ecosystem including Square seller payments, Cash App consumer banking, BNPL, and bitcoin services. Comparable to Revolut on POS (Nobly), consumer crypto (Revolut X), and integrated merchant-plus-consumer value chain.

Emerging players

• Klarna: Global BNPL and shopping super-app expanding into mobile banking and consumer credit. Comparable to Revolut's super-app strategy and merchant services arm, with overlap on consumer credit ambitions announced for Revolut UK.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Revolut
• YouTubeyoutube.com/@Revolut
• Facebookfacebook.com/revolut
• LinkedInlinkedin.com/company/revolut
• Instagraminstagram.com/revolut

Compliance20 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 records

Funding overview

Funding rounds26 records

Investors61 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Revolut