Turnover: 2.1 billion EUR (2023)

Country: United Kingdom

Revolut Limited develops a mobile app that enables users to exchange currencies at interbank rates, send money via social networks and spend with a multi-currency card. The company was incorporated in 2013 and is based in London, UK. The app was launched in 2015. The British fintech is valued at $33 billion as a result of its latest fundraising estimated at €800 million in July 2021. By 2020, it claimed to have 13 million users.

It is already present in 35 countries, but is particularly keen to expand in the United States and enter the Indian market.

News

Revolut exceeds 2 billion euros in revenues 03/07/2024

  • In 2023: revenues almost doubled to £1.8 billion (approx. €2.1 billion).
  • Profits have risen to £344 million (approx. €395 million), compared with around £6 million in 2022.
  • By the end of 2023, Revolut has 45 million customers worldwide, with an increase of 12 million new customers joining the neobank in 2023.
  • Number of customers in France: over 3 million.
  • Revolut is aiming for 50 million customers by the end of the year.
  • Number of employees: over 10,000.

Revolut targets a $40 billion valuation 24/06/2024

  • - Target valuation: Over $40 billion.
  • - Revolut creation date: 2015.
  • - Number of Revolut customers: Approximately 40 million.
  • - Number of Revolut employees: More than 9,000.
  • - Customer target in France: 20 million customers.
  • - Of its 40 million customers worldwide, a third come from the UK.
  • - Revenues in 2022: £922.5 million (+45%)
  • - Net profit in 2022: £5.8 million. - Revenue forecast**: £1.7 billion

Revolut: the coming of age of a British success story 18/01/2024

  • The company was founded in 2015.
  • In 2018, Revolut obtained its first banking license in Lithuania.
  • 25% to 30% of their business comes from the UK.
  • The company was valued at £33 billion at a fundraising in July 2021.
  • Revolut expects profits in excess of 300 million euros in 2023.
  • The company currently has 35 million customers, a figure it plans to increase tenfold over the next 5-6 years.
  • In Ireland, Revolut's adoption rate exceeds 50%.
  • Nearly 9 million customers were acquired by Revolut in the space of a year.
  • Currently, Revolut has almost 8 million customers in the UK, representing 12% of the population.

Revolut neobank plans to double sales in 2023 26/12/2023

  • Revolut reported net profit after tax of €6.7 million in 2022.
  • Revolut, founded in 2015, is now present in 38 countries.
  • By 2022, Revolut had gained nearly 10 million customers worldwide.
  • Sales increased by 45% in 2022, exceeding one billion euros.
  • Revolut should have 37 million customers in 2023, including 2.5 million in France.
  • Revolut's revenues should almost double compared to 2022, approaching two billion euros.
  • Revolut employs 8,000 people.

Revolut to almost double sales by 2023 22/12/2023

  • Revolut posted a net profit of £5.8 million in 2022
  • The fintech's net profit in 2021 was £26 million.
  • Revolut has over 35 million customers in 38 countries.
  • The fintech belongs to the club of companies with sales in excess of one billion euros.
  • Its revenues in 2022 reached £919 million, up 45% on 2021. Revenues are expected to almost double in 2023, with a forecast of £1.7 billion.
  • The fintech has begun offering consumer loans in France ranging from €1,000 to €50,000 for a term of 7 years.
  • Revolut has 2.5 million customers in France. Revolut intends to focus on organic growth rather than acquisitions.

Revolut loses its CFO 13/05/2023

  • Revolut was founded in June 2014.
  • Application for UK banking license in January 2021.
  • Growth plan for 2025 announced, targeting 100 million customers (up from 30 million currently).
  • Revolut aims to become the leading bank in terms of number of users in the 31 European countries where it operates
  • Revenue of £850 million in 2022, up 34% on 2021.

Revolut targets 100 million customers by 2025, three times today's figure 13/05/2023

  • Payments fintech Revolut aims to triple its customer base to 100 million by 2025.
  • Revolut has a banking license in the European Union, but not yet in the UK.
  • In July 2021, the company raised $800 million, valuing the group at around $33 billion
  • The fintech is present in 31 European countries and plans to expand into New Zealand and India.
  • Consumer credit will be available in France from May 30.
  • Revolut employs 7,000 people, including 200 in France.
  • Revolut's revenue in 2022 is £850 million (€980 million), up 34% on 2021.
  • In 2021, Revolut made a profit of £26.3 million, after a loss of £224 million a year earlier.

Revolut enters the payment terminal market in France. 29/11/2022

  • 25 million customers worldwide
  • 2 million in France
  • Payment terminal available for 49 euros, with commissions of 0.8% of the transaction amount and 0.02 euro per transaction

Studies mentioning this company

The prepaid bank card market - France

Other companies mentioned:

  • La Banque Postale (La Poste)
  • Nickel
  • PCS (Creacard)
  • Veritas (Prepaid financial services)
  • N-26
  • Revolut
  • Lydia
  • Visa
  • Mastercard
  • Google Pay
  • Apple Pay
  • Toneo First
  • Moni Monisnap
The cryptocurrency market - France

Other companies mentioned:

  • Revolut
  • Exodus Wallet
  • MetaMask
  • Ledger
  • Trezor
  • N26
  • Fortuneo
  • Hello Bank !
  • Bforbank
  • Lydia
  • Binance
  • Coinbase
  • Kraken
  • eToro
  • Flowdesk
The online payment market - France

Other companies mentioned:

  • Worldline
  • Stripe
  • Paypal
  • Groupement des cartes bancaires CB
  • Mastercard
  • Visa
  • Google Pay
  • Apple Pay
  • Alipay
  • Lydia
  • Crédit Agricole Groupe
  • Revolut
  • Lyra Networks
  • Nickel
  • Crédit Mutuel
  • Preludd Payment
  • RubyPayeur (Atradius Collections)
  • Gcollect
  • Orange Bank
  • Pledg (Credit Agricole)
  • Française des Jeux FDJ
  • Wero European Payments Initiative
  • Natixis Groupe BPCE
  • Shine Banque
  • Leetchi (Arkéa)
  • Edenred Groupe
  • Swile
  • Budget Insight
  • Spendesk
  • Lemonway
The neobank market - France

Other companies mentioned:

  • Alma
  • Lydia
  • Nickel
  • Hello Bank !
  • Memo Bank
  • Qonto
  • Revolut
  • N-26
  • Bforbank
  • N26
  • Mangopay
  • Oney
  • Ibanfirst
  • Pledg (Credit Agricole)
  • Orange Bank