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Company type | Private |
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Industry | Financial technology |
Founded | 1 July 2015 |
Founders | |
Headquarters | London, England |
Area served | United Kingdom, European Union, Switzerland, Australia, New Zealand, Japan, Singapore, United States, Brazil |
Key people |
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Products | current accounts, debit cards, stock trading, personal loan, foreign exchange, insurance, BNPL, Business account |
Services | Peer-to-peer payments, currency exchange |
Revenue | £1.8 billion (2023)[1] |
£438 million (2023)[1] | |
£344 million (2023)[1] | |
Total assets | £17.4 billion (2023)[1] |
Number of employees | 8,152[1] (2023) |
Website | revolut |
Revolut Group Holdings Ltd, doing business as Revolut,[2] is a British multinational neobank and fintech company that offers banking services for individuals and businesses.[3] The company was founded in July 2015 by British-Russian businessman Nikolay Storonsky and British-Ukrainian software engineer Vlad Yatsenko and operates in 48+ countries.[4]
The bank offers free and subscription-based digital banking services, primarily through a mobile app. Features include domestic and international bank transfers, pre-paid debit cards, a stock and cryptocurrency exchange, as well as other features such as savings accounts and loans.[5][6]
Revolut has been subject to criticism and many controversies in the past, such as issues with customer support and long-lasting lockouts,[7] as well as anti-money laundering compliance failures,[8] lack of support for defrauded customers,[9][10] and even claims of ties to the Russian government[11] which the company strongly denied.[12]
The company achieved unicorn status in April 2018, after receiving €205 million in investments during Series C round funding, which valued the company at over €1.4 billion.[13]
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