Sophie Blake
Revolut is a London-based Fintech startup that offers all the features you expect from a bank account, including physical and virtual debit cards, automatic debits and money transfer to entice both consumers and businesses. Founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut also offers services to let you plan for your future with savings and investments.
Company Overview
| Founded Date | 2015 |
| Founders | Nikolay Storonsky and Vlad Yatsenko |
| Headquarter | London, UK |
| Number of Employees | 2500+ |
| Crunchbase Profile | Profile Link |
| Google Play | Download Revolut on Google Play |
| App Store | Download Revolut on the App Store |
Revolut Valuation & Funding Rounds
+ Revolut raised $800 million Series E in July 2021. This funding round has increased Revolut’s valuation to $33 billion, making it the UK’s most valuable fintech company. (PYMNTS.com)
| Date | Funding Round | Amount Raised | Valuation |
| July 2021 | Series E | $800M | $33B |
| July 2020 | Series D | $80M | |
| February 2020 | Series D | $500M | $5.5B |
| April 2018 | Series C | $250M | $1.7B |
| July 2017 | Crowdfunding | $5.3M | |
| July 2017 | Series B | $66M | $386M |
| July 2016 | Series A | $8.7M | $54M |
Revolut Revenue Statistics
+ Revolut said its revenue surged 30% Y/Y in 2022 to more than £850 million. Revolut revenue for 2021 was £636 million, tripled from £220 million in 2020. (Revolut)
| Year | Revolut Revenue |
| 2022 | £850 million |
| 2021 | £636 million |
| 2020 | £220 million |
| 2019 | £162.7 million |
| 2018 | £58 million |
| 2017 | £13 million |
| 2016 | £2.4 million |
| 2015 | £120k |
+ Due to an increased share of revenue from higher margin products, Revolut’s Gross Margin increased from 33% in 2020 to 70% for 2021. Meanwhile, operating expenses only increased by 37%, demonstrating strong operating leverage.
+ In 2021i Revolut saw 10% increase in average spend per user.
+ As of 2021, Revolut hosts more than 150 million transactions a month. (Revolut)
+ In 2020, Revolut reported a gross profit of £123 million, up 215 percent as compared to 2019. The company’s growth margin improved to 61% for the same period.
+ Customer deposit balances totaled £7.4 billion as of December 2021.
Revolut User Statistics
+ At the end of 2021, Revolut reached 20 million registered users. The company said it saw a 75% increase in the number of customers on paid plans.
| Year | Number of Users |
| 2022 | 20 million |
| 2021 | 16 million |
| 2020 | 14.5 million |
| 2019 | 10 million |
| 2018 | 3.5 million |
| 2017 | 1.3 million |
| 2016 | 0.4 million |
+ Revolut’s app was downloaded 5.8 million times in 2020, more than Monzo and Starling combined. However, monthly downloads of Revolut’s app fell from around 800,000 at the beginning of 2020 to only about 400,000 in November of last year. (The Telegraph)
+ Revolut’s number of daily active users was 1.1 million at the end of 2020.
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