Revolut Bank application

Revolut is a prominent global financial technology company that has transformed modern banking through its versatile mobile application. Founded in July 2015 by Nikolay Storonsky and Vlad Yatsenko, the brand originated in the United Kingdom as a digital-first alternative to traditional high-street banks. Its primary offering includes a multi-currency card and app that allows users to spend, send, and save money with competitive exchange rates and innovative budgeting tools.

While the company is headquartered in London, its operations and digital infrastructure are distributed globally. Revolut holds various banking licenses across different jurisdictions, most notably a full banking license in the European Union (via Lithuania) and, as of 2024, a banking license with restrictions in the United Kingdom. This global expansion allows it to serve tens of millions of customers across Europe, North America, and parts of Asia.

As a privately held company, Revolut is owned by a mix of its original founders and a diverse group of international venture capital firms, including SoftBank Vision Fund 2 and Tiger Global Management. This broad investment base has propelled its valuation, making it one of the most valuable fintech companies in Europe. The brand continues to evolve beyond simple currency exchange, offering services like stock trading, cryptocurrency management, and specialized accounts for businesses and children.