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.
By December 2018, Revolut had raised a total of $336m from investors including DST Global, Index Ventures, Balderton Capital and Ribbit Capital.
On May 27, 2019 Revolut completed a venture capital round with an undisclosed amount of funding from Future Fifty.
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.
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.
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.
Fintech startup Revolut is launching its stock trading feature today.