Revolut
Revolut is a fintech platform for multi-currency accounts and crypto trading
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Revolut is a global fintech company offering multi-currency accounts, international transfers, debit cards, cryptocurrency buying/selling, and stock trading. It is not a decentralized project but a regulated centralized platform. Users can hold multiple fiat currencies, exchange in real time, and buy crypto assets like Bitcoin and Ethereum with fiat. Its technical mechanisms include segregated funds, two-factor authentication, and real-time transaction monitoring to safeguard assets.
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About Revolut
Revolut is a UK-based financial technology company offering a mobile-first alternative to traditional banking. Its core business spans multi-currency accounts, global money transfers, debit cards, cryptocurrency exchange, stock trading, and subscription-based premium plans (e.g., Metal, Ultra).
Its primary competitive edge lies in consolidating diverse financial services into a single app with transparent, low-cost fees—especially for cross-border transactions. Revolut addresses the pain points of high bank transfer charges, poor exchange rates, and slow international payments by providing near-instant, low-fee transfers and interbank-rate currency conversion.
In the past six months (Feb–Aug 2026), Revolut has continued expanding its European footprint. It obtained a full banking license in France (granted by the ACPR and ECB), allowing it to operate as a regulated bank in the EU and gradually migrate Western European customers to this new entity. The company also reported strong user growth, surpassing 75 million global customers, and launched new features such as AI-powered personal finance assistant "AIR" and enhanced savings products.
Regarding negative developments within two years: Revolut faced regulatory scrutiny in some markets over anti-money laundering compliance, and its annual report revealed a slowdown in revenue growth compared to previous years. However, no major customer-facing scandals were reported.
Revolut, founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, has evolved from a currency exchange app into a global financial super app. Key long-term milestones include:
Obtaining a UK banking license in July 2024, marking its transition into a fully regulated bank. In September 2025, it launched its own euro stablecoin EURR, initially covering Denmark, Poland, and Portugal, strengthening its crypto infrastructure. The company also received in-principle approval from Dubai's VARA to offer crypto services in the UAE, expanding its Middle East footprint.
On the capital markets front, Revolut's IPO valuation could reach $200 billion, with the CEO confirming a potential listing as early as 2028, while simultaneously pursuing a US banking license. The UK FCA also approved its wealth management and investment services expansion.
These milestones—banking regulation, stablecoin issuance, crypto market entry, and IPO preparation—represent strategic pivots that will define Revolut's long-term trajectory as a global financial institution.
Over the past six months, Revolut has completed several regulatory milestones in its transition to a full-service bank. In March 2026, it received a full UK banking licence from the PRA and FCA, with eligible deposits protected by the FSCS up to £120,000. It then became the first global fintech to obtain a full Australian ADI licence and also holds a Mexican licence, with valuation reaching $115 billion. On September 3, it won conditional OCC approval for a US national bank charter, targeting operational launch in 2027, subject to FDIC insurance and Federal Reserve approval.
On products, Revolut launched EURR, a MiCA-compliant euro stablecoin issued via Stripe-owned Bridge, and began delisting Tether. It was also selected for the FCA sandbox to explore a GBP stablecoin. Official roadmap: launch UK personal loans, credit cards, cash ISAs, and private banking; offer US deposits, credit, multi-currency accounts, and crypto/stablecoin services; expand multi-currency stablecoins. Target: 100 million customers by mid-2027 and become customers' primary bank.
Co-founders:
Nik Storonsky (Founder & CEO) - Previously at Credit Suisse and Lehman Brothers, founded Revolut in 2015.
Vlad Yatsenko (Co-founder & CTO) - Software engineer with experience at UBS and Deutsche Bank, co-founded Revolut.
Key executives:
Martin Gilbert (Chairman) - Co-founded Aberdeen Asset Management, led it for 34 years, former chairman of Prudential Regulation Authority's Practitioner Panel.
Michael Sherwood (Chair of Remuneration Committee) - Former vice-chairman and co-CEO of Goldman Sachs International, joined Revolut board in 2020.
Caroline Britton (Chair of Group Audit Committee) - Former audit partner at Deloitte with 18 years' experience, also serves on other boards.
John Sievwright (Chair of Group Risk & Compliance Committee) - Former COO International at Merrill Lynch, joined Revolut board in 2021.
Raymond Ng (CEO of Singapore & Southeast Asia) - Previously Chief Commercial Officer at Liquid Group, leads Revolut's regional expansion.