Revolut is a global financial technology company transforming the way individuals and businesses manage their money. With a platform designed to simplify spending, saving, investing, and borrowing, Revolut has attracted over 50 million personal customers and more than 500,000 businesses across 160+ countries. Their mission is clear: to build a global financial super app that gives people more control and transparency over their finances, no matter where they are.
The Founding Vision
Founded in 2015 by Nik Storonsky and Vlad Yatsenko, Revolut started with a simple idea: money should be borderless, accessible, and easy to manage. Traditional financial institutions, with their hidden fees, complicated processes, and outdated technology, were not meeting the needs of modern consumers. Revolut stepped into this gap by creating an app-first platform that empowers users to manage every aspect of their finances from their smartphones.
Financial Services at Your Fingertips
From the beginning, Revolut has focused on removing financial barriers. Whether it’s exchanging currencies at interbank rates, making instant global transfers, budgeting smarter, or investing in stocks and cryptocurrencies, Revolut’s app offers a one-stop solution. Users can track spending in real time, set financial goals, save with ease, and access a range of financial products — all in a few taps.
Rapid Growth and Major Milestones
The company’s journey has been marked by rapid growth and significant milestones. After its founding, Revolut quickly secured $15 million in Series A funding by 2016, building a user base of 100,000 customers within just a year. In 2017, they launched Revolut Business, providing powerful financial tools for companies, and introduced Premium accounts along with cryptocurrency trading for users across the European Economic Area (EEA).
By 2018, Revolut achieved another breakthrough by receiving a banking license from the Bank of Lithuania, a move that allowed it to offer full banking services in select markets. That same year, they introduced Revolut Metal, a premium offering with cashback and exclusive perks. In 2019, the company expanded into new territories, launching services in Australia and Singapore, and added new features like commission-free trading and charitable donations directly through the app.
Expanding Across the Globe
2020 was a transformative year for Revolut. The company raised $580 million in Series D funding, pushing its valuation to $5.5 billion. It also expanded into the United States and Japan and introduced banking services in Lithuania and Poland. Throughout the global pandemic, Revolut continued innovating, helping customers better manage their money during uncertain times.
The momentum carried through 2021 as Revolut closed an $800 million Series E round, pushing its valuation to $33 billion. The company introduced Stays, a travel booking feature offering cashback on accommodations, deepening its lifestyle ecosystem beyond just financial services.
New Services and Local Expansion
In 2022, Revolut reached 26 million customers globally. It expanded lending products like personal loans into Ireland, Romania, and the U.S., and launched “Pay Later,” a buy-now-pay-later feature, first introduced in Ireland and Poland. Meanwhile, the company enhanced its local banking presence in countries like Lithuania and began to scale new markets with local IBANs in Spain and Ireland.
Revolut’s growth continued into 2023, marked by its launch in Brazil and New Zealand, giving more people access to its full suite of services. They also introduced Ultra, an elite subscription plan offering premium rewards and benefits across travel, lifestyle, and financial services. The company remains committed to building tailored services for local markets while maintaining its global brand identity.
Looking Ahead: The Future of Money
The company’s ambition is far from complete. Revolut continues investing heavily in technology, customer experience, and compliance to ensure it can safely scale into new products and markets. With an expanding range of financial services, including insurance, wealth management, and lifestyle perks, Revolut aims to become an indispensable tool in the financial lives of millions.
Ultimately, Revolut’s vision is bold: to be the one app that manages all things money. Whether you’re an individual looking to stretch your savings further, a traveler managing multiple currencies, or a business seeking efficient financial solutions, Revolut positions itself as the future of money management — global, simple, and empowering.
Nik Storonsky, Co-founder and CEO
Nik Storonsky founded Revolut in 2015 to revolutionize how people spend and transfer money across borders. Under his leadership, Revolut is on track to become the world’s first truly global financial institution, reshaping how it manages all aspects of money.
Before launching Revolut, Nik worked as an Emerging Markets Equity Derivatives Trader at Credit Suisse and Lehman Brothers, where he handled over $2 billion in options, swaps, and foreign exchange instruments.
He holds a Master’s degree in Applied Physics and Mathematics from the Moscow Institute of Physics and Technology, as well as an MA in Economics from the New Economic School in Moscow. Outside of work, Nik is passionate about kite surfing, mountaineering, and has competed as a championship swimmer.
