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.
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)
Revolut Revenue Statistics
Revolut said its revenue surged 130% Y/Y in the first quarter of 2021, while gross profit more than quadrupled. (CNBC). Revolut revenue for 2020 was $361 million (£261 million), up 57% as compared to 2019 revenue of £162.7 million.
*Adjusted revenue for 2020 comprises statutory revenue of £222m and fair value gains on cryptocurrency assets of £39m recognized in other comprehensive income.
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.
Average monthly customer deposit of £305 in 2019 was £396 in 2020. (FT)
Revolut User Statistics
At the end of 2020, Revolut reached 14.5 million personal accounts (up 45% Y/Y) and 500,000 companies using Revolut Business (up 127% Y/Y).
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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