What is Revolut?
Global fintech "superapp" offering banking, payments, FX, investing and crypto to 68M+ retail and 767K business customers.
- Category
- Digital banking / Fintech
- Headquarters
- London, UK (Canary Wharf)
- Founded
- 2015
- Employees
- ~19,800 (end 2025)
- 2025 revenue
- $6.0B (+46% YoY)
- Valuation
- $75B (Nov 2025 secondary)
What is Revolut?
Revolut is a London-headquartered fintech that began in 2015 as a multi-currency travel card and has grown into a financial "superapp" spanning current accounts, payments, FX, stock and crypto investing, savings, lending and business banking. By the end of 2025 it served 68.3 million retail customers and 767,000 business customers across roughly 40 markets, making it Europe's most valuable startup at a $75 billion valuation.
Revolut makes money from card interchange, paid subscription tiers, FX and wealth/crypto trading, and — increasingly — net interest income on customer deposits. In 2025 group revenue rose 46% to $6.0 billion (from $4.0 billion in 2024), with pretax profit up 57% to $2.3 billion (a 38% margin) and net profit of $1.7 billion — a rare combination of hypergrowth and strong profitability for a neobank, and its fifth consecutive year of net profit. Eleven separate product lines each cleared roughly $135 million in revenue, evidence of how diversified the business has become.
The business runs almost entirely through its mobile app, cross-selling new products (savings, lending, eSIM, business accounts) into an existing base to lift revenue per user. Customer balances reached $67.5 billion, up 66% year over year, and the lending book grew 120% to $2.9 billion in 2025 as the company leaned into credit.
In March 2026 Revolut secured a full UK banking licence after a 20-month "mobilisation" period, has an application pending for a US banking charter, and management is targeting 100 million retail customers and a public listing around 2028 at a reported $150–200 billion valuation. It is also relocating a large share of its workforce to India and expanding into markets including Mexico, Colombia and India.
What does Revolut offer?
Revolut bundles everyday banking, global money movement, investing and business tools into one app, layered with paid subscription plans.
- Multi-currency accounts· Banking
- Debit & credit cards· Banking
- High-yield savings· Banking
- Personal loans & credit· Lending
- International transfers· Payments
- FX & currency exchange· Payments
- Stocks & ETFs investing· Wealth
- Crypto trading· Wealth
- Commodities & precious metals· Wealth
- Revolut Business accounts· Business
- Acquiring / merchant payments· Business
- eSIM & mobile plans· Lifestyle
- Travel insurance & lounges· Lifestyle
- Subscription plans (Premium/Metal/Ultra)· Plans
Sources:Revolut pricing plans
How does Revolut make money?
Revolut runs a diversified consumer-fintech model: card interchange, paid subscriptions, FX and wealth/crypto trading fees, and net interest income on the deposits it holds — cross-sold into a single large user base.
Subscriptions are the highest-signal line: customers move up a five-tier ladder from free Standard to Plus, Premium, Metal and Ultra. In Europe the ladder runs roughly Plus €3.99, Premium €9.99, Metal €17.99 and Ultra €55 per month, each adding higher FX allowances, cashback, lounge access and insurance; in the US, Premium runs about $9.99/month and Metal about $16.99/month. Subscription revenue grew 67% to roughly $936M in 2025, and 11 product lines now each exceed ~$135M.
The rest of revenue is transactional and balance-driven: card payments (~$1.3B), wealth/trading (~$876M), FX (~$800M) and interest income (~$1.3B) in 2025. Interest income is the fastest-rising structural lever as Revolut wins banking licences and lends against its $67.5B in customer balances — the lending book itself grew 120% to $2.9B.
Growth is driven by adding customers (retail up 30% in 2025), pushing each into more products, and entering new markets — the classic superapp flywheel of more users x more products per user x more revenue per product. As a now fully licensed UK bank, Revolut can also keep more of the economics it previously shared with sponsor banks.
Who leads Revolut?
Revolut was co-founded in 2015 by CEO Nik Storonsky and Vlad Yatsenko; Storonsky remains CEO and controlling shareholder, while Yatsenko is stepping down as CTO into a non-executive board role effective July 1, 2026.
- Nik StoronskyCo-founder & CEOCo-founder · since 2015Former Lehman Brothers (2006–08) and Credit Suisse equity-derivatives trader; controlling shareholder and chief strategist, now a billionaire.
- Vlad YatsenkoCo-founder & CTO (to non-exec director)Co-founder · 2015–2026Ex-UBS, Deutsche Bank and Credit Suisse engineer who built Revolut's tech org; steps down as CTO effective July 1, 2026 to become a non-executive board director.
- Donato LuciaVP of Technology (incoming tech lead)At Revolut 8 years · promoted 2026Former Head of Technology, elevated to lead engineering as Yatsenko transitions off the CTO role.
- Siddhartha JajodiaGlobal Chief Banking OfficerExec leadershipOwns the banking P&L — credit, deposits and lending — the engine behind interest-income growth.
- Pierre DecoteGroup Chief Risk & Compliance OfficerExec leadershipLeads risk and regulatory strategy; central to securing the UK and US banking licences.
How do you contact Revolut's leadership?
Revolut publishes media@revolut.com for press; individual staff use a verified first.last@revolut.com pattern. The leadership addresses below follow that confirmed format (not personally published) except the media line, which is official — treat the rest as format-derived, not verified personal inboxes.
first.last@revolut.comHow much funding has Revolut raised?
Revolut has raised roughly $2 billion in primary equity across Series A–E since 2015, and is now valued at $75 billion following a November 2025 secondary share sale — making it Europe's most valuable startup.
After an ~£6.5M ($8.5M) Series A in 2016 (with Balderton Capital an early lead and equity-crowdfunding on top), Revolut raised a $66M Series B in 2017 at a $350M valuation (led by Index Ventures, with Balderton and Ribbit Capital), then a $250M Series C in April 2018 at a $1.7B valuation (led by DST Global) — its first unicorn round. In February 2020 it raised a $580M Series D led by TCV at a ~$5.5B valuation (£4.2B), making it the UK's most valuable fintech at the time.
The defining round was a July 2021 Series E: $800M co-led by SoftBank Vision Fund 2 and Tiger Global at a $33B valuation, vaulting Revolut to the top of Europe's fintech ranks.
Since then growth has come via secondary share sales rather than new primary rounds: an August 2024 secondary led by Coatue, D1 Capital Partners and Tiger Global valued the company at $45B, and a November 2025 secondary led by Coatue, Greenoaks, Dragoneer and Fidelity (with Nvidia's NVentures, a16z, Franklin Templeton and T. Rowe Price participating) set the current $75B mark. There has been no down-round — valuation has risen at every step from $33B (2021) to $45B (2024) to $75B (2025), and a further secondary at $100B+ is reportedly planned for H2 2026.
How did Revolut get here?
From a 2015 travel-card startup to a $75B, fully-licensed UK bank in roughly a decade.
- 2015Founded in LondonNik Storonsky and Vlad Yatsenko launch Revolut as a multi-currency prepaid travel card and app.
- 2018Series C at $1.7B — first unicorn round$250M led by DST Global; Revolut crosses the billion-dollar mark.
- 2021$800M Series E at $33BCo-led by SoftBank Vision Fund 2 and Tiger Global; becomes the UK's most valuable tech company.
- 2024First annual net profit & UK licence (restricted); $45BPosts $1.4B pretax profit; receives a restricted UK banking licence in July 2024; August secondary sets a $45B valuation.
- 2025$6.0B revenue, $75B valuationRevenue up 46% to $6.0B, pretax profit $2.3B; November secondary led by Coatue values the firm at $75B.
- 2026Full UK banking licence; US charter pendingPRA lifts all restrictions in March 2026 and Revolut Bank UK launches; US charter application pending; ~2028 IPO signalled at $150–200B.
Who are Revolut's competitors?
Revolut competes with neobanks and money-transfer apps in Europe and the US, plus traditional banks as it acquires full banking licences.
- WiseSpecialist in low-cost cross-border transfers and multi-currency accounts; narrower than Revolut's superapp but cheaper FX.
- MonzoUK-focused challenger bank with FSCS-protected current accounts; strong domestic banking but less global/investing breadth.
- N26Eurozone mobile bank with budgeting and basic crypto/trading; strongest in Germany and continental Europe.
- Starling BankUK SMB and personal banking with cash/cheque deposits and a banking-as-a-service arm; more traditional-bank feel.
- ChimeUS neobank built around fee-free checking and early-paycheck access; the closest US-market analogue for everyday users.
- NubankLatin America's largest digital bank, dominant in Brazil/Mexico; a credit-led model competing for emerging-market scale.
Revolut — frequently asked questions
