Revolut

About Revolut

Revolut was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko as a multi currency debit card. The company grew rapidly, attracting over 45 million customers with zero fee currency exchange and crypto trading. Revolut obtained a Lithuanian banking license in 2018 and a UK banking license in 2024. The company has faced scrutiny over its corporate culture, compliance, and accounting. Revolut expanded into business accounts, stock trading, and insurance. The company was valued at 33 billion in 2021, making it the most valuable fintech in the UK. Revolut represents the neobank model: app first, no branches, low fees funded by interchange and premium subscriptions rather than lending margins.