UK FinTech giant Revolut surpasses 20 million customers

Revolut is the most searched online banking service in Europe

UK FinTech giant Revolut has surpassed 20 million retail customers around the world and is processing over 250 million transactions each month.

This comes as the FinTech company celebrates its seventh anniversary.

The company is continuing to expand its global workforce, topping 5,000 employees. Over the past year, Revolut has opened offices in New York, New York, Tokyo, Madrid, Barcelona, Paris, Mexico City, Berlin, Budapest and Bucharest.

Later in the year, the company will open offices in Mumbai and Bangalore.

Over the past 12 months, the company launched several new features, including on-demand pay in the UK and personalised loans in Ireland.

Its platform is now available in 36 countries, with India, Mexico and Brazil among the markets Revolut is looking to enter next.

Speaking on the milestone, Revolut CEO Nikolay Storonsky said, “Revolut reaching 20 million customers and 250 million transactions a month is another milestone we’re proud of.

“When we started Revolut seven years ago, we wanted to give people more control over their financial well-being through the use of our technology, offering a service that addresses all their financial needs in one place. We are still a young business, but our growth over the last few years shows the increasing demand for our products all over the world.

“As important as this milestone is, we are still at the start of our journey and intend to keep pushing the boundaries of financial innovation to build ​​the world’s first global financial superapp. This is just the beginning…”

The UK FinTech giant launched in 2015 and offers a variety of money transfer services, including peer-to-peer payments, saving vaults and more.

Its biggest market is the UK, with 4.8 million customers, followed by Romania with two million customers. Its other three biggest markets are Ireland (1.9 million customers), Poland (1.7 million customers) and France (1.5 million customers).

The UK FinTech giant recently partnered with financial infrastructure platform Stripe to support payments in the UK and Europe and accelerate expansion into new markets.

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