Revolut is a British-Lithuanian financial technology company that launched in 2015 as a digital banking alternative focused on fee-free currency exchange and international transfers. Founded by Nikolay Storonsky and Vlad Yatsenko, it has grown from a travel card offering competitive exchange rates into a comprehensive financial superapp serving over 40 million customers worldwide. The company's mission is to build the world's first truly global financial platform, removing financial borders and giving users control over their money.
Revolut's services have expanded dramatically from its origins. It now offers multi-currency accounts, debit cards, stock and cryptocurrency trading, business accounts, savings vaults, insurance products, and more, all accessible through its mobile app. The company operates under a banking license in the European Economic Area and the UK, with other services provided through partnerships and electronic money institution licenses in various markets. This hybrid model allows rapid feature deployment while navigating complex international financial regulations.
The institution targets digitally-native consumers, frequent travelers, expatriates, and freelancers who value convenience, transparency, and low-cost international transactions. Revolut has raised significant venture capital funding, reaching a valuation of $33 billion in 2021, making it one of Europe's most valuable fintech companies. Its growth strategy involves continuous product expansion and geographic reach, though it has faced regulatory scrutiny regarding compliance and financial crime controls during its rapid scaling phase.