Revolut, the global financial technology company has announced it has reached ten million customers in the UK.
Revolut’s largest market, and where the company was “founded in 2015 has added nearly two million UK customers so far in 2024 and continues to grow.”
Revolut has over 45 million customers globally.
Francesca Carlesi, CEO of Revolut UK, commented:
“Today’s announcement is a tremendous achievement for Revolut. Ten million customers across the UK makes us one of the largest payments businesses in the market, and we are incredibly grateful to our growing customer base, who continue to use Revolut more and more. The UK is our home market, and is the base for the company’s wider global expansion plans. As we work towards launching the bank in the UK in the coming months, we will continue to offer products and services that improve the financial lives of everyone who uses Revolut.”
Key company highlights in 2024:
- In August, Revolut signed agreements with a group of leading technology investors to provide liquidity to employees through a secondary share sale at a $45 billion valuation.
- In July, Revolut received its UK banking licence with restrictions from the Prudential Regulation Authority (PRA).
- In July, Revolut announced the appointment of Fiona Davies as Head of Growth for UK, Ireland, and Nordics.
- In June, Revolut announced it will move its global headquarters to the YY London building in the centre of Canary Wharf, committing to a ten year lease
Revolut launched a number of products to UK customers “including; RevPoints, eSIM, Mobile Wallets, Wealth Protection, and others.”
As covered, Revolut is reportedly preparing for a 2025 launch in India.
Potentially targeting millions of India’s consumers in a vital test for the growth strategy of Europe’s most valuable Fintech, Revolut will aim to take advantage of establishing operations in one of the world’s fastest-growing economies.
London-headquartered Revolut established offices in India back in 2021 but did not obtain in-principle approval from the nation’s reserve bank to provide prepaid cards as well as digital wallets until earlier in this current year.
The Fintech company has reportedly been testing those financial products in-house among its over 4,000 local staff members and is now on track to launch its Fintech app, local, as well as multi-currency cards across India.