Revolut Revenue and Usage Statistics (2023)

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 Date2015
FoundersNikolay Storonsky and Vlad Yatsenko
HeadquarterLondon, UK
Number of Employees2500+
Crunchbase ProfileProfile Link
Google PlayDownload Revolut on Google Play
App StoreDownload 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. (

DateFunding RoundAmount RaisedValuation
July 2021Series E$800M$33B
July 2020Series D$80M
February 2020Series D$500M$5.5B
April 2018Series C$250M$1.7B
July 2017Crowdfunding$5.3M
July 2017Series B$66M$386M
July 2016Series 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)

YearRevolut Revenue
2022£850 million
2021£636 million
2020£220 million
2019£162.7 million
2018£58 million
2017£13 million
2016£2.4 million
Source: Revolut

+ 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.

YearNumber of Users
202220 million
202116 million
202014.5 million
201910 million
20183.5 million
20171.3 million
20160.4 million
Sources: Insider, Techcrunch, Revolut

+ 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. 

Written by Sophie Blake


Leave a Reply

Your email address will not be published. Required fields are marked *


Calm Revenue and Usage Statistics (2023)

The 5 Best Reminder Apps for iOS and Android