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 and Tiger Global Management. The company is valued at approximately $45 billion.

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).

How many customers does Revolut have?
As of early 2026, Revolut has more than 50 million customers globally, making it one of the world's largest digital banking platforms.

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 banking licenses in Lithuania and other European countries. In some markets where it does not hold a banking license, Revolut operates as an e-money institution.

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 early 2026.

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, and other countries.

Revolut was founded in July 2015 in London by Nikolay Storonsky and Vlad Yatsenko. The company launched with a prepaid card and mobile app that offered currency exchange at interbank rates, targeting frequent travelers frustrated by high bank fees for currency conversion.

Revolut grew rapidly through word-of-mouth, reaching one million customers by 2017. The company raised successive funding rounds at increasing valuations, attracting investment from Index Ventures, Balderton Capital, DST Global, SoftBank Vision Fund 2, and Tiger Global Management.

Revolut obtained an e-money license from the UK Financial Conduct Authority in 2017, then a banking license in Lithuania in 2018. The company expanded its product offering to include cryptocurrency trading, stock trading, savings vaults, and insurance, and launched in the United States, Australia, Singapore, Japan, and other markets.

Revolut raised $800 million in July 2021 at a valuation of $33 billion, one of the largest fintech funding rounds in European history. The company received its UK banking license in July 2024 after a three-year application process, a significant milestone enabling full banking services with deposit protection in its home market.

For fiscal year 2024, Revolut reported revenue of approximately $3.3 billion and pre-tax profit of approximately $1.4 billion, demonstrating significant profitability.

Revolut's UK banking license application took approximately three years, with regulators reportedly concerned about the company's compliance culture and governance. The company has faced criticism regarding anti-money laundering compliance, with reports suggesting rapid growth outpaced compliance capabilities. Revolut has invested significantly in compliance infrastructure in response.

Nikolay Storonsky's Russian background generated scrutiny following Russia's invasion of Ukraine in 2022, though Storonsky publicly condemned the invasion and Revolut blocked Russian and Belarusian accounts in compliance with sanctions.