Revolut financial services app

Founded in July 2015 by Nikolay Storonsky and Vlad Yatsenko at Level39, a tech incubator in Canary Wharf, London, Revolut has rapidly expanded from a travel-focused card and currency exchange app into a comprehensive global financial super-app. Initially designed to help travelers avoid high currency exchange fees, it now offers a broad spectrum of services including stock trading, crypto exchange, insurance, and business accounts.

While the company's headquarters and primary research and development (R&D) are located in the United Kingdom, its operations are truly global. Revolut utilizes a decentralized infrastructure with engineering hubs and customer support centers located in Lithuania, Poland, and several other European and international jurisdictions to ensure 24/7 service delivery and compliance with localized financial regulations.

Technically, the brand remains under the ownership of Revolut Group Holdings Ltd, based in the UK. The company has reached a staggering valuation, becoming one of the most valuable private fintech companies in the world. Its ownership structure includes the founders alongside significant investment from global venture capital firms such as SoftBank Vision Fund 2 and Tiger Global Management. Having secured a UK banking license with restrictions in 2024, Revolut continues to transition from a payment platform to a fully-fledged global bank.