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Revolut

Revolut

Revolut is a London-based Fintech startup and bank offering mobile banking, card payments, money remittance, and foreign exchange services.

Revolut was launched by Nik Storonsky and Vlad Yatsenko in July 2015. With Revolut, users can set up an app-based current account, spend abroad in over 150 currencies with no fees, hold and exchange 24 currencies in-app and send free domestic and international money transfers with the real exchange rate. Funds can be stored on a mobile wallet or a physical prepaid card, which, starting December 2018, can be purchased in-person at wilko stores in the UK. Once the prepaid card is purchased and connected to a users Revolut account, users can begin conducting transactions such as ATM withdrawals, purchases at physical and online retailers, and more.

In December 2018, there were 8,000 to 10,000 people opening a Revolut account per day.

Funding

By December 2018, Revolut had raised a total of $336m from investors including DST Global, Index Ventures, Balderton Capital and Ribbit Capital.

Venture round

On May 27, 2019 Revolut completed a venture capital round with an undisclosed amount of funding from Future Fifty.

Series A

On July 14, 2016 Revolut completed their series A funding round with $10 million in funding from Balderton Capital (lead investor), Venrex Investment Management, Seedcamp, Point Nine Capital, NJF Capital, Index ventures, Digital Space Ventures, Ricardo Schaefer, and Nicole Junkermann.

Series B

On July 11, 2017 Revolut completed their seres B funding round with $66 million in funding from Index Ventures (lead investor), Ribbit Capital, Greyhound Capital, and Balderton Capital.

Series C

On April 26, 2018 Revolut completed their series C funding round with $250 million in funding from DST Global (lead investor), Sprints Capital, Socii Capital, Ribbit Capital, Lakestar, Index Ventures, Greyhound Capital, Global Founders Capital, and Draper Esprit.

Timeline

December 16, 2020
Revolut launches mid-tier subscription plan.
December 2, 2020
Revolut launches early salary feature in the UK and web app.
July 24, 2020
Revolut extends Series D round to $580 million with $80 million in new funding.

June 3, 2020
Revolut announces the launch of its new financial app version.
March 24, 2020
Revolut launches digital banking app in the US
February 17, 2020
Revolut raises a $500,000,000 series D round from DST Global, GP Bullhound, Lakestar, London Impact Ventures, Ribbit Capital and TCV.
August 1, 2019
Revolut launches stock trading in limited release

Fintech startup Revolut is launching its stock trading feature today.

April 1, 2019
In September, Revolut said 7,000 new accounts were being opened a day, and that it was processing $3bn in transactions a month.
April 2018
Revolut raises a $250,000,000 series C round from DST Global, Index Ventures, Ribbit Capital and TechCrunch.
July 30, 2017
Revolut raises a $5,300,000 crowdfunding from RML Capital, Seedrs and Venkat Srinivasan.
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Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Revolut funding round, April 2018
250,000,000
April 2018
10 Results
Results per page:
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People

Name
Role
LinkedIn

Nik Storonsky

Co-Founder and CEO

Vlad Yatsenko

Co-Founder

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Elliptic
May 11, 2021
www.prnewswire.com:443
/PRNewswire/ -- Revolut, the fast growing fintech with more than 15 million customers, has announced today that they have integrated with Elliptic, the global...
Omar Faridi
May 11, 2021
Crowdfund Insider
Digital Banking Fintech Revolut has reportedly integrated with Elliptic in order to expand its cryptocurrency offering.
Samantha Hurst
May 10, 2021
Crowdfund Insider
Click HERE to find out ⭐ Revolut Supports COVID-19 Relief Efforts For India By Temporarily Waiving Fees On Cross-Border Remittance Payments. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Ryan Weeks
May 8, 2021
The Block
Revolut, the $5.5 billion London-based digital bank, is preparing to add dogecoin to the list of cryptocurrencies customers can trade on its app.
Tom Auchterlonie
May 6, 2021
Business Insider
Banking tech provider FIS and crypto custodian NYDIG are teaming up with smaller incumbents to offer Bitcoin trading.
Samantha Hurst
May 6, 2021
Crowdfund Insider
Click HERE to find out ⭐ Revolut Begins Public Beta For Bitcoin Withdrawals. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Ryan Weeks
May 5, 2021
The Block
Revolut's announcement that it will begin letting customers withdraw crypto is part of a larger strategy to cater to crypto investors.
April 30, 2021
@FinancialTimes
If retail investors buy, they need to accept that cryptocurrencies come with big risks
JD Alois
April 28, 2021
Crowdfund Insider
Click HERE to find out ⭐ Revolut Releases New Version of Banking App. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Tom Auchterlonie
April 27, 2021
Business Insider
Revolut plans to return to Canada next year--the decision comes a month after it opted to withdraw from the Canadian market.
Equifax Inc.
April 27, 2021
www.prnewswire.com:443
/PRNewswire/ -- Global data, analytics and technology company Equifax (NYSE: EFX), and global fintech innovator, Revolut today announced a new strategic...
Tom Auchterlonie
April 23, 2021
Business Insider
Revolut hired Paroma Chatterjee as the India division's CEO, building on its decision to establish a foothold in India by offering remittances first.
Josh Scott
April 22, 2021
BetaKit
United Kingdom-based FinTech startup Revolut intends to return to Canada next year, after revealing in March plans to leave the Canadian market.
April 22, 2021
mint
Revolut is hiring in human resources, finance, growth, marketing and other functions as it bases support for its global operations from its Indian subsidiary
Ryan Browne
April 21, 2021
CNBC
With a population of 1.3 billion people and growing acceptance of digital payments, India would be a huge market for Revolut.
JD Alois
April 22, 2021
Crowdfund Insider
Click HERE to find out ⭐ Revolut to Expand in India, Will Hire 300 Staff as Part of Expansion: Report. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Neha Alawadhi
April 21, 2021
@bsindia
Revolut is making a multi-million pound investment in India over the next five years and has committed itself to the creation of 300 new jobs in the country
Omar Faridi
April 18, 2021
Crowdfund Insider
Digital banking Unicorn Revolut is reportedly planning new round of funding, could value Fintech at over $10B.
Ryan Weeks
April 15, 2021
Sifted
Europe's digital banks have become genre-defining global fintech companies. But how are they faring in the US? Well, it's not been so easy.
Graeme Wearden
April 12, 2021
the Guardian
Shoppers returned to Oxford Street this morning as non-essential shops in England reopened. Photograph: Graeme Robertson/The Guardian
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References

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