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Revolut Group Holdings Ltd, doing business as Revolut, [2] is a British multinational neobank and fintech company that offers banking services for individuals and businesses. [3] The company was founded in July 2015 by British-Russian businessman Nikolay Storonsky and British-Ukrainian software engineer Vlad Yatsenko and operates in 48+ countries.
Revolut offers accounts and debit cards for fee-free spending abroad at real exchange rates. [16] In 2021, Revolut became the most valuable fintech firm in the UK. [17] [18] As per the 2023 annual report, Revolut achieved a revenue of 1.8 million GBP, with a net profit of 344 million GBP. As of November 2024, the company serves 50 million ...
In August 2017, Seedrs raised £4 million investment for challenger bank Revolut. [20] [21] In October 2017, Seedrs announced it had raised £10 million in funding. [22] [23] In December 2018, Seedrs launched a venture capital fund aimed at passive startup investors. [24] In August 2019, Seedrs raised £4.5 million in funding. [25]
LONDON (Reuters) -British fintech company Revolut made a record pretax profit of 438 million pounds ($553.81 million) in 2023 on strong user growth and soaring interest-related income, it said on ...
(Reuters) - Fintech Revolut said on Monday it has got a UK trading license from the British financial regulator that will allow the company to offer trading of UK and EU-listed stocks and exchange ...
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Regular money transfer versus peer-to-peer money transfer, as used by Wise. Wise was cofounded in London by Taavet Hinrikus, one of the first employees of Skype, [8] and Kristo Käärmann, a Deloitte management consultant.
Revolut, which ranked as the UK's most valuable start-up when it was valued at around $33 billion in 2021, applied for a UK banking licence more than two years ago but is still awaiting approval.