Revolut, the global financial technology company and licensed European bank, has today announced that it has hit 50 million customers globally, with 10 million in the UK.
The company has reached the 50 million milestone at high-speed, growing by over 10 million customers in 2024 so far and becoming the most downloaded financial app in the UK and across all of Europe. It follows a bumper year for Revolut, which in 2024 received a $45 billion valuation, was awarded a UK bank licence with restrictions from the Prudential Regulation Authority (PRA) whilst in the mobilisation stage, and announced its 2023 Group revenues had surpassed $2.2 billion with record profits before tax of $545 million.
Revolut has aggressive plans to continue to grow its customer base towards the 100 million milestone, while also rolling out new and innovative services to become the primary bank of choice for its customers.
This year in the UK alone, it was the first financial institution to launcheSIMto help prevent high data roaming charges and addedRevPoints, the first pan-European debit card loyalty programme rewarding customers on their everyday spending. Revolut also introduced Mobile Wallets to allow for faster international transfers and bolstered its security measures with Wealth Protection, an additional biometric security layer protecting customers’ savings.
Nik Storonsky, CEO of Revolut, commented: “Revolut exists for one reason: to simplify money for everyone, everywhere. This year we’ve taken huge steps forwards - breaking records, accelerating the speed at which we’re launching products and continuing to disrupt financial services globally. We’re moving faster than ever because we know the opportunity to revolutionise global financial services for our customers is still massive.”
Later this week Storonsky will take to the stage at the company’s The Revolutionaries event in London to celebrate its 50 million milestone, speaking alongside co-founder and CTO Vlad Yatsenko and entrepreneur Steven Bartlett.
An exclusive event featuring revolutionary names across music, business, fashion, sport, gaming, travel and entertainment, The Revolutionaries will close with a headline performance from the iconic Charli XCX ahead of her sold-out UK tour.
For those outside of the UK or who were unlucky in the ballot, the event will be broadcast across YouTube and other streaming platforms.
