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Revolut history
Revolut company history timeline
Revolut was founded on 1 July 2015 by Nikolay Storonsky from Russia and Vlad Yatsenko from Ukraine.
In 2015, Revolut launched in the UK offering money transfer and exchange.
On 26 April 2018, Revolut announced that it had raised a further US$1.8 billion and thus becoming a unicorn.
In December 2018, Revolut secured a Challenger bank licence from European Central Bank, facilitated by the Bank of Lithuania, authorising it to accept deposits and offer consumer credits, but not to provide investment services.
In March 2019, the company's chief financial officer Peter O'Higgins resigned.
In July 2019, Revolut launched commission-free stock trading in New York Stock Exchange and NASDAQ, initially for customers in its Metal plan.
In October 2019, the company announced a global deal with Visa, following which it would expand into 24 new markets and hire around 3500 additional staff.
In February 2020, Revolut completed a funding round that more than tripled its value, valuing the company at £4.2 billion and becoming the United Kingdom's most valuable financial technology startup.
In March 2020, Revolut is launched in the United States.
In an April 2020 Town Hall, Revolut announced to staff that it had lost “operating leverage” and was getting “fat and weak” in the process.
In November 2020, Revolut became profitable.
In 2020 Revolut won a banking licence for Lithuania and later in Poland giving the company a chance to “passport” the license and offer banking services more widely across Europe.
In 2020 staff costs amounted to 74% of posted revenue.
In January 2021, the company announced that it had applied for a UK banking licence.
In July 2021, Revolut raised US$800 million from investors, including SoftBank Group, Tiger Global Management at a US$33 billion valuation.
In January 2022, Revolut launched as a bank (instead of an e-money institution) in 10 additional European countries: Belgium, Denmark, Finland, Germany, Iceland, Lichtenstein, Luxembourg, Netherlands, Spain, and Sweden.
Since March 2022, Revolut has more than 18 million customers around the world and more than 150 million transactions a month.
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Zippia gives an in-depth look into the details of Revolut, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Revolut. The employee data is based on information from people who have self-reported their past or current employments at Revolut. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Revolut. The data presented on this page does not represent the view of Revolut and its employees or that of Zippia.
Revolut may also be known as or be related to Revolut and Revolut Ltd.