Revolut statistics: Number of customers and more

Valued at $1.7 billion (£1.3 billion) and funded to the tune of $336.5 million (£257 million), Revolut is one of the world's biggest fintech unicorns.

Avatar
Charlie Barton
Updated . What changed?
Fact checked

Revolut is a fintech company that provides a debit card and a Swiss Army knife of an app, packed full of features including (hold your breath): a current account, peer-to-peer payments, currency exchange, multi-currency cards, day-by-day in-app insurance purchases and the option to buy cryptocurrency.

The company has been in the news for its aggressive expansion into dozens of countries, monster valuation and fundraising rounds, its ongoing battle with the likes of Monzo and Starling Bank in the UK and its apparently cut-throat working environment – Revolut’s company slogan is “Get shit done”.

Revolut has multiple products including plus and premium accounts, a metal card, a junior card for children and a business bank account.

What's in this guide?

Quick stats

  • Who founded Revolut? Nikolay Storonsky and Vlad Yetsenko in July 2015.
  • Where is Revolut’s headquarters? Revolut is headquartered in London, with offices in more than 20 locations worldwide.
  • How much funding does Revolut have? Revolut’s total funding is £627 million.
  • How much revenue does Revolut make? Revolut made £58.2 million revenue in FY 2018.
  • What’s Revolut’s valuation? Revolut has a $1.7 billion market valuation (as of 26 April 2018).
  • How many customers does Revolut have? Revolut has over 12 million customers and supports usage in 35 countries.

Revolut’s growth over time

Since launching, Revolut has achieved the sort of growth entrepreneurs and CEOs dream of. By opening offices in over 20 countries, Revolut has been able to expand aggressively and beat competitors to the punch in different markets. Today, it has offices in London, New York, Singapore, Berlin and more.

Revolut has more than 12 million users, with an ambitious goal to onboard 100 million within 5 years. The company said in 2019 that it had 250,000 daily active users and numbers continue to grow.

Revolut dwarfs the competition when it comes to user numbers

With a steady increase, 440,000 customers join Revolut every month on average. In December 2020, the number of customers is projected to be 16.45 million, compared to the current 12 million (August 2020).

Bank Number of users
Revolut 12 million
N26 6.5 million
Monzo 3.9 million
Monese 2 million
Starling Bank 1.5 million
Tandem 0.8 million

Revolut investment alongside other fintechs

Revolut’s fundraising rounds have amassed $836 million (£628 million) in total, with investors including DST Global – which was an early backer of Facebook and Spotify.

The company has 29 main investors. A large share of Revolut’s funding comes from venture capital firms such as Lakestar and Index Venture, as well as individual investors such as Nicole Junkermann and Ian Hannam.

Another notable investor is Andy Murray – yes, that one. The tennis star invested £17 million in 2017 during a crowdfunding campaign.

Bank Funding
Revolut £628 million
N26 £587 million
Monzo £373 million
Starling Bank £313 million
Tandem £130 million
Monese £60 million

Revolut’s valuation

Revolut’s valuation in July 2020 was a whooping $5.5 billion (£4.1 billion). The annual revenue was £174 million in 2019, compared to £58 million in the 2018 financial year.

Revolut, founded 2014, is one of only 18 “unicorns” in the UK

  • Revolut, 2014
  • BenevolentAI, 2013
  • Oxford Nanopore, 2005
  • The Hut Group, 2008
  • BrewDog, 2006
  • Deliveroo, 2012
  • OakNorth, 2013
  • Wise, 2010
  • Improbable, 2012
  • Darktrace, 2013
  • Monzo, 2015
  • Graphcore, 2016
  • Ovo Energy, 2009
  • Checkout.com, 2012
  • babylon, 2013
  • CMR Surgical, 2014
  • Snyk, 2015
  • Gymshark, 2012

Revolut revenue and financials

GBP FY, 2016 FY, 2017 FY, 2018 FY, 2019
Gross profit £7 million £14.8 million £33 million £107 million
Gross profit margin % 296% 116% 57% 61%
Revenue 2.4 million 12.8 million 58 million 174 million
Revenue growth % 1869 % 442 % 353 % 200 %

Employee overview

Revolut has more than 2,100 employees worldwide, where around 500 are located in the UK. The most common skills are SQL, data analysis and Python. Some of the key figures at Revolut are:

  • Nikolay Storonsky – CEO and co-founder
  • Vladyslav Yatsenko – CTO and co-founder
  • Andrius Biceika – Head of people
  • Dinis Cruz – Chief information security officer
  • Alan Chang – SVP revenue and operations
  • Martin Gilbert – Non-executive chairman

Revolut office locations

  • London, UK
  • New York, US
  • Melbourne, Australia
  • São Paulo, Brazil
  • Toronto, Canada
  • Paris, France
  • Berlin, Germany
  • Mumbai, India
  • Dublin, Ireland
  • Tokyo, Japan
  • Vilnius, Lithuania
  • Kraków, Poland
  • Warsaw, Poland
  • Lisbon, Portugal
  • Porto, Portugal
  • Moscow, Russia
  • Saint Petersburg, Russia
  • Singapore, Singapore
  • Barcelona, Spain
  • Stockholm, Sweden

Sources

  • Revolut
  • PWC
  • Sifted
  • Consultancy UK
  • CNBC
  • Craft

Click here for more research. For all media enquiries, please contact

Matt Mckenna
Head of UK communications
T: +44 20 8191 8806
matt.mckenna@finder.com@MichHutchison/in/matthewmckenna2

Related articles

More guides on Finder

  • Pension statistics

    Does the UK know how much it needs to save up for retirement?
  • Cryptocurrency statistics 2021

    We explore the latest statistics in the world of cryptocurrency including who is and isn’t buying cryptocurrency, as well as who has made their millions off these virtual currencies.
  • Boxing Day Statistics 2020

    Which brand received the most search traffic from UK shoppers during one of the biggest retail days of the year? We’ve done some analysis on the search figures to find the brand took the crown.

  • Buying vs renting: Which is cheaper?

    What are the average rent and mortgage costs in the UK? We’ve done the calculations to help you decide which is the more worthwhile investment.
  • How many people are still using bank branches in the UK in 2020?

    Are people still using bank branches? Is your area being affected by bank branch closures? Find out the latest data here.

  • Buy now pay later (BNPL) statistics | 2020

    Buy now pay later is the fastest growing online payment method in the UK. Discover the latest statistics on how it’s disrupting the payments industry.
  • Banking statistics UK | 2020

    What are the biggest and most famous banks? Which banks are winning and losing customers? How are opinions about banks changing? We have collected all the latest banking statistics here.
  • Most popular podcasts in the UK 2020

    We found out how popular podcast listening is in the UK, how much is spent on advertising and what the most popular podcasts are.
  • Online shopping fraud statistics

    Online shopping fraud and scams increased by 37% in the first half of 2020. Find out the latest figures and how to avoid online shopping scams.

  • Car crime statistics 2020

    There were on average 37% less offences involving cars during the first quarter of 2020 than the same period in 2019.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site