Revolut
Founded Year
2015Stage
Series E | AliveTotal Raised
$1.716BValuation
$0000Last Raised
$800M | 2 yrs agoRevenue
$0000About Revolut
Revolut provides a financial services application. It allows users to exchange currencies at interbank rates, sends money through social networks, and spend with a multi-currency card everywhere. It was founded in 2015 and is based in London, United Kingdom.
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Research containing Revolut
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Revolut in 24 CB Insights research briefs, most recently on May 2, 2023.
Expert Collections containing Revolut
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Revolut is included in 4 Expert Collections, including Banking.
Banking
1,071 items
Unicorns- Billion Dollar Startups
1,208 items
Fintech 250
1,247 items
Fintech
5,143 items
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Revolut Patents
Revolut has filed 1 patent.
Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
11/21/2014 | Payment systems, Payment service providers, Credit cards, Online payments, Debit cards | Application |
Application Date | 11/21/2014 |
---|---|
Grant Date | |
Title | |
Related Topics | Payment systems, Payment service providers, Credit cards, Online payments, Debit cards |
Status | Application |
Latest Revolut News
May 3, 2023
Finovate Global financial services innovator Revolut is becoming a bit more global today. The London-based company announced today it has expanded into Brazil. Today’s move of launching multi-currency account and crypto investments in Brazil, marks Revolut’s first expansion into a Latin American country. Revolut’s expansion efforts into Brazil began last March. The company not only brought on Glauber Mota as CEO of its Brazil operations, but it also opened up a waitlist in the region. “There’s a lot of appetite for Revolut and digital banking services in Brazil,” said Mota. “Recent surveys show that more than 45% of Brazilians already use digital accounts as their primary account, and use more than five different applications to manage payments, transfers, and investments.” The company will begin its Brazil expansion via a phased rollout, during which time it will continue adding to its waitlist. In addition to being available in Brazil, Revolut’s accounts are available to residents of the European Economic Area (EEA), Australia, Singapore, Switzerland, Japan, the U.K., and the U.S. Revolut counts 29 million retail customers across the globe making 330 million transactions each month. The company debuted its multi-currency account at FinovateEurope in 2015 and also offers a peer-to-peer trading, an early wage access tool, an account for users under the age of 18, stock trading, business cards, commercial spend management tools, and more. Revolut has raised around $2 billion since it was founded in 2015. While the company was once considered one of Europe’s most valuable fintechs, Revolut took a hit last week when company shareholder Schroders Capital Global Innovation Trust disclosed a $5.8 million (£4.7 million) writedown, shaking the value of its stake from $12.6 million (£10.1 million) in 2021 to $6.7 million (£5.4 million) in 2022. Despite the valuation woes, however, Revolut continues to expand. The company launched credit cards for its Ireland user base earlier this year and is planning to launch a car insurance service in the region. Additionally, Revolut is working on expanding to more geographies, including Ecuador, Mexico, India, New Zealand, and Oman.
Revolut Frequently Asked Questions (FAQ)
When was Revolut founded?
Revolut was founded in 2015.
Where is Revolut's headquarters?
Revolut's headquarters is located at 7 Westferry Circus, London.
What is Revolut's latest funding round?
Revolut's latest funding round is Series E.
How much did Revolut raise?
Revolut raised a total of $1.716B.
Who are the investors of Revolut?
Investors of Revolut include Schroders, SoftBank , Tiger Global Management, TSG Consumer Partners, Index Ventures and 29 more.
Who are Revolut's competitors?
Competitors of Revolut include GoHenry, Starling , Oxygen, Relio, Atom Bank, Airwallex, Colendi, Atlantic Money, Hugo, Fiinu and 46 more.
Compare Revolut to Competitors
N26 offers a mobile banking platform. It gives customers a solution to control their finances. The company allows users to open an N26 account directly from their phone or computer. It was founded in 2013 and is based in Berlin, Germany.
Monzo operates as a digital bank for users to track spending, split bills, send money and more using a mobile phone.
Starling is a digital banking platform offering personal, joint, and business accounts. It lets people visualize and manage their finances and facilitates money transfers, overdrafts and loans, multi-currency accounts, trading accounts, and more. The company was founded in 2014 and is based in London, U.K.
Chime offers banking services. It is accessible via its mobile banking application. It aims to reduce fees and automate savings. It was founded in 2012 and is based in San Francisco, California.
Atom Bank operates as a digital banking service provider. It allows customers to open accounts using a mobile application, allows to access financial information, and the ability to take advantage of a range of tools. It offers fixed deposit facilities and loan facilities for small and medium enterprises. The company was founded in 2014 and is based in Durham, United Kingdom.
Bancacao is a developer of banking products. The company's Tzune is a digital financial services platform that offers fair, contactless, and personal solutions.
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