
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.
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Revolut | Revolut Ltd. | Wholly owned |
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.
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.
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.
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|---|---|---|---|---|---|---|
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| Paypal | USA | 1998 | Mass market | Global | All Genders | |
| Block | USA | 2009 | Mass market | Global | All Genders | |
| Visa | USA | 1958 | Mass market | Global | All Genders |
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