Revolut is a technology company.
Revolut has raised $1.6B across 8 funding rounds.
Key people at Revolut.
Revolut has raised $1.6B in total across 8 funding rounds.
Revolut is a fintech company building a global digital banking super-app that offers multi-currency accounts, payments, crypto and stock trading, budgeting tools, insurance, and business services. It serves over 65 million customers worldwide, targeting consumers frustrated with traditional banks' high fees, slow services, and lack of transparency, while solving problems like exorbitant foreign exchange costs and fragmented financial management.[1][3][6] Launched in 2015 to enable seamless international spending via a mobile app and prepaid card with interbank FX rates, Revolut has achieved explosive growth—reaching 100,000 customers by 2016, 14.5 million by 2020, and unicorn status through rapid funding rounds including $800 million Series E in 2021—positioning it as a borderless alternative to legacy banks.[1][3]
Revolut was founded in 2015 by Nikolay Storonsky, a former emerging markets equity derivatives trader at Credit Suisse and Lehman Brothers who traded over $2 billion in FX instruments, and Vlad Yatsenko, a software engineer with experience building real-time financial systems at UBS and Deutsche Bank.[1][2][3] The idea emerged from Storonsky's frustration with banks' 2-3% FX fees on travel spending; they launched with a simple mobile app linked to a prepaid multi-currency card offering interbank rates, aiming to create a "global software product" for banking from day one.[3][6] Early traction was swift: hitting 100,000 customers and $15 million Series A by 2016, then $66 million Series B in 2017 alongside launches of Premium features, crypto trading, and Revolut Business.[1][2]
Revolut rides the fintech democratization wave, challenging legacy banks amid rising demand for instant, transparent digital finance in a mobile-first world. Its timing capitalized on post-2015 smartphone penetration and low-interest environments, enabling rapid global scaling while competitors focused on single markets or products.[3][6] Market forces like regulatory e-money licenses, crypto booms, and remote work fueled expansion; by processing billions in transactions monthly, it influences the ecosystem by proving super-apps can disrupt banking silos, inspiring copycats and pressuring incumbents to digitize.[1][3] With 65 million users, it accelerates the shift to embedded finance, blending payments, investing, and insurance into one app.
Revolut is poised for $100 billion valuation through full banking licenses, US/Asia penetration, and AI-driven personalization, building on its compounding growth from traveler FX tool to financial OS.[3][4] Trends like open banking, Web3 integration, and embedded finance will shape it, potentially evolving into a "global bank" rivaling JPMorgan in user scale. As Storonsky envisions transforming all "things money," expect more acquisitions and product layers—watch for IPO signals amid regulatory wins—cementing its lead in borderless fintech.[1][4] This path from FX frustration to super-app dominance underscores how software speed redefines banking.
Revolut has raised $1.6B in total across 8 funding rounds.
Revolut's investors include Passion Capital, Target Global, Tiger Global Management, Will Brooks, Will Martin, Accel, DST Global, FinTech Collective, Oak HC/FT, Talis Capital, TCV, Mato Peric.
Key people at Revolut.
Revolut has raised $1.6B across 8 funding rounds. Most recently, it raised $800.0M Series E in July 2021.
