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  1. Home
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  3. Finance & Fintech
  4. Revolut
Revolut logo
Finance & Fintech

Who Owns Revolut?

Revolut is owned by Revolut Ltd., a private British fintech company founded in 2015 by Nikolay Storonsky and Vlad Yatsenko and headquartered in London. It has no separate parent company. Revolut reported revenue of GBP 4.5 billion for fiscal year 2025 and was valued at $115 billion in a July 2026 secondary share sale, making it Europe's most valuable private company.

Parent Company

Revolut Ltd.

Founded

2015

Status

Private

Headquarters

London, England, United Kingdom

GlobalOfficial Website

Who Owns Revolut?

  • Parent Company: Revolut Ltd.
  • Ownership Type: Wholly owned
  • Company Type: Privately Held
BrandParent CompanyOwnership Type
RevolutRevolut Ltd.Wholly owned

History of Revolut

  • Founded: 2015
  • Founders: Nikolay Storonsky, Vlad Yatsenko

Revolut launched in July 2015 in London. Storonsky and Yatsenko built the first product around a single irritant: banks charged steep markups on foreign currency spending. The initial product was a prepaid card paired with an app that exchanged currency at interbank rates. Word of mouth among travelers carried the app past one million customers by 2017.

Funding followed quickly. Index Ventures and Balderton Capital backed early rounds. A 2018 round led by DST Global raised $250 million at a $1.7 billion valuation and made Revolut a unicorn. In July 2021 the company raised $800 million in a Series E led by SoftBank Vision Fund 2 and Tiger Global at a $33 billion valuation, among the largest fintech rounds in European history.

Product expansion ran parallel to fundraising. Revolut added cryptocurrency trading in 2017, commission-free stock trading in 2019, savings vaults, insurance products, and business accounts. It launched in the United States and Australia in 2020, then pushed into Japan, Singapore, and Latin America.

Regulatory progress was slower. The company obtained an e-money license from the UK Financial Conduct Authority in 2017 and a specialized banking license in Lithuania in 2018. Its application for a full UK banking license, filed in 2021, took roughly three years amid regulator concerns about compliance culture and governance. The Prudential Regulation Authority granted the license in July 2024 with conditions, and Revolut began migrating UK customers onto it in 2025.

Financial results turned decisively profitable. Revenue reached approximately $3.3 billion in FY2024 with pre-tax profit of about $1.1 billion. FY2025 produced revenue of GBP 4.5 billion ($6 billion), up 46 percent, and pre-tax profit of GBP 1.7 billion ($2.3 billion), up 57 percent. In July 2026 a secondary share sale priced the company at $115 billion, above its previous $45 billion mark from 2024 and more valuable than several major European listed banks.

About Revolut Ltd.

Who owns Revolut?
Revolut is privately owned by co-founders Nikolay Storonsky and Vlad Yatsenko, along with investors including SoftBank Vision Fund 2, Tiger Global Management, Index Ventures, Balderton Capital, and DST Global. The company was valued at $115 billion in a July 2026 secondary share sale, making it Europe's most valuable private company.

Who founded Revolut?
Revolut was founded in July 2015 in London by Nikolay Storonsky (former trader at Credit Suisse and Lehman Brothers) and Vlad Yatsenko (former software engineer at Deutsche Bank and Credit Suisse). Storonsky serves as CEO and Yatsenko as CTO.

How many customers does Revolut have?
As of 2026, Revolut has more than 50 million customers globally, making it one of the world's largest digital banking platforms. The company operates in over 40 countries.

Is Revolut a bank?
Revolut received its UK banking license in July 2024, allowing it to offer full banking services including deposit protection in the UK. The company also holds a banking license in Lithuania, which serves as its EU banking hub. In markets where Revolut does not hold a banking license, it operates as an e-money institution. The company is applying for a US banking charter to expand its American operations.

Is Revolut publicly traded?
No, Revolut is privately held and not listed on any stock exchange. The company has discussed a potential IPO but had not listed publicly as of August 2026. The July 2026 secondary share sale at a $115 billion valuation was a secondary transaction, not an IPO.

Where is Revolut headquartered?
Revolut is headquartered in London, United Kingdom. The company also has significant operations in Lithuania (its EU banking hub), Ireland, Poland, the United States, and other countries.

What is Revolut's revenue?
For fiscal year 2025, Revolut reported revenue of GBP 4.5 billion ($6 billion), up 46% from 2024. Pre-tax profit was GBP 1.7 billion ($2.3 billion), up 57% from 2024. The growth was driven primarily by interest income, subscription fees, and an expanding customer base.

What are Revolut's largest or most valuable products?
Revolut Personal, the consumer banking app, is the company's largest product by revenue and customer count. Revolut Business, serving SMEs, is a growing contributor. Cryptocurrency trading and stock trading are significant revenue streams, though they are more volatile than banking revenue. The RevPoints loyalty program and Revolut <18 youth banking are newer products aimed at increasing customer engagement.

Has Revolut made major acquisitions recently?
Revolut has focused primarily on organic growth rather than acquisitions. The company has invested in building its compliance infrastructure, expanding its product offerings internally, and growing its global footprint. The most significant recent strategic moves were obtaining the UK banking license in 2024 and the secondary share sale in July 2026.

  • Founded: 2015
  • Headquarters: London, United Kingdom
  • Company Type: Privately Held
  • Revenue: GBP 4.5 billion / $6 billion (FY2025)
  • Employees: Approximately 10,000

Visit Revolut Ltd. website

View full company profile for Revolut Ltd.

Where Is Revolut Made / Based?

  • Headquarters: London, England, United Kingdom

Revolut Categories & Tags

NeobankFintechDigital BankingPaymentsCrypto Trading

Revolut Recalls & Controversies

Revolut's three-year UK banking license review, from the 2021 application to approval in July 2024, centered on regulator concerns about compliance culture and anti-money laundering controls. The European Central Bank had previously identified AML deficiencies at Revolut's Lithuanian entity in a 2022 audit. The company responded by expanding its compliance team past 1,000 employees.

Co-founder Nikolay Storonsky's Russian origin drew scrutiny after the February 2022 invasion of Ukraine. Storonsky publicly condemned the invasion, and Revolut blocked Russian and Belarusian accounts in line with sanctions. The episode nonetheless kept governance questions in the press during the license review.

Customer complaints cluster around automated fraud systems freezing legitimate accounts, a known friction point across digital banks. Revolut has acknowledged the false-positive problem and says it continues to tune its detection models. In 2025 the company also adapted its crypto offering to comply with the EU's Markets in Crypto-Assets regulation, which took full effect in December 2024.

Revolut Ownership: Pros & Cons

Advantages

  • +Independent structure lets the company ship products faster than banks tied to legacy IT
  • +$115 billion valuation and record FY2025 profit give it unusual financial strength for a fintech
  • +UK banking license since July 2024 adds deposit protection and lending economics in its home market
  • +Broad product set across banking, trading, and crypto increases customer stickiness
  • +Deep venture backing from SoftBank, Tiger Global, and others funded global expansion

Considerations

  • -Regulatory complexity across more than 40 jurisdictions raises compliance cost and risk
  • -Past AML findings keep the company under closer supervisory watch than peers
  • -Private status means no public liquidity for customers who want to invest
  • -Founder concentration gives Storonsky and Yatsenko outsized control
  • -Crypto-linked revenue adds earnings volatility in down markets

Frequently Asked Questions About Revolut

Sources & Further Reading

  • Revolut official website:
  • UK Companies House, Revolut Ltd filings:
  • FCA Financial Services Register:
  • TechCrunch Revolut coverage:
  • Financial Times Revolut coverage:
  • Reuters business coverage:

Competitors to Revolut

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
ChimeChime
Chime
United States
2012
Mass marketUnited statesAll Genders
AfterpayAfterpay
Block
Australia
2014
Mass marketGlobalAll Genders
PayPalPayPal
Paypal
USA
1998
Mass marketGlobalAll Genders
SquareSquare
Block
USA
2009
Mass marketGlobalAll Genders
VisaVisa
Visa
USA
1958
Mass marketGlobalAll Genders

Learn More About Competitors

ChimeFinance Fintech

Chime

Owned by Chime Financial, Inc.

American financial technology brand offering fee-free banking services, operated by Nasdaq-listed Chime Financial, Inc., which went public in 2025.

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AfterpayFinance Fintech

Afterpay

Owned by Block, Inc.

Block's buy-now-pay-later brand, offering interest-free installment payments across a global merchant network, acquired in 2022 for $29 billion.

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PayPalFinance Fintech

PayPal

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American multinational financial technology company operating an online payments system and digital wallet. Founded in 1998, publicly traded on NASDAQ (PYPL), headquartered in San Jose, California. Owns Venmo, Braintree, Xoom, and Zettle.

paymentsfintechdigital-wallet
SquareFinance Fintech

Square

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Block's seller ecosystem brand providing payments, point-of-sale, and banking tools to millions of businesses worldwide.

paymentspoint-of-salefintech
VisaFinance Fintech

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Global payments network brand connecting consumers, banks, and merchants across more than 200 countries, the flagship of Visa Inc.

paymentscredit-cardsdebit-cards

Competitive Analysis

Market Positioning: Revolut competes with 5 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Revolut

Looking for brands with different ownership structures? These similar brands are not owned by Revolut Ltd., giving you alternative choices that support different corporate structures.

ChimeFinance Fintech

Chime

Owned by Chime Financial, Inc.

American financial technology brand offering fee-free banking services, operated by Nasdaq-listed Chime Financial, Inc., which went public in 2025.

fintechneobankbanking
Publicly Traded

Chime operates independently without a large parent corporation.

PayPalFinance Fintech

PayPal

Owned by PayPal Holdings

American multinational financial technology company operating an online payments system and digital wallet. Founded in 1998, publicly traded on NASDAQ (PYPL), headquartered in San Jose, California. Owns Venmo, Braintree, Xoom, and Zettle.

paymentsfintechdigital-wallet
Publicly Traded

PayPal operates independently without a large parent corporation.

VisaFinance Fintech

Visa

Owned by Visa

Global payments network brand connecting consumers, banks, and merchants across more than 200 countries, the flagship of Visa Inc.

paymentscredit-cardsdebit-cards
Publicly Traded

Visa operates independently without a large parent corporation.

Bank of AmericaFinance Fintech

Bank of America

Owned by Bank of America Corporation

Consumer and commercial banking brand serving roughly 70 million clients through approximately 3,500 financial centers and industry-leading digital banking.

bankingconsumer-bankingretail-bank
Publicly Traded

Bank of America operates independently without a large parent corporation.

BybitFinance Fintech

Bybit

Owned by Bybit Fintech Limited

Dubai-based cryptocurrency exchange, the world's second-largest by trading volume, serving more than 80 million registered users.

crypto-exchangetradingbitcoin
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Bybit operates independently without a large parent corporation.

Capital OneFinance Fintech

Capital One

Owned by Capital One Financial Corporation

Capital One is the flagship consumer banking and credit card brand of Capital One Financial, the largest U.S. card issuer behind Venture, Savor, Quicksilver, and Capital One Cafes.

credit-cardsbankingfintech
Publicly Traded

Capital One operates independently without a large parent corporation.

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Last reviewed: October 1, 2026 · Reviewed by Who Brands Editorial Team