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Revolut

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Revolut
File:Revolut Logo.png
Type of sitePrivate
Available inMultilingual
FoundedJune 28, 2014; 10 years ago (2014-06-28)
HeadquartersLondon, England
Founder(s)Nikolay Storonsky, Vlad Yatsenko
ProductsDebit card
ServicesTravel money, currency exchange, peer-to-peer payments
Employees15+ (2016)
URLwww.revolut.com
RegistrationYes
LaunchedJuly Expression error: Unrecognized word "day"., 2015; Error: first parameter cannot be parsed as a date or time. (2015-07-day)

Revolut is a travel money platform that includes a debit card, currency exchange, and peer-to-peer payments. Revolut currently charges no fees for any of it services, and claims to use interbank rates for its currency exchange.

The London-based startup was founded by Nikolay Storonsky and Vlad Yatsenko and currently supports ATM withdrawals in 90 currencies.

The company is based in Level39, a financial technology incubator in Canary Wharf, London.

Services

Revolut provides the following functionality via its mobile app:

  • Add funds to Revolut account via a debit card payment
  • Foreign exchange between US dollars, UK pounds sterlings, and Euros
  • Peer-to-peer payments to other users with a Revolut account

Revolut provides the following functionality via its MasterCard debit card:

  • ATM withdrawals
  • Spend funds with merchants which accept MasterCard

Company Funding

In July 2015 Revolut announced it had received £1.5 million in venture capital funding from a consortium which included Balderton Capital, Seedcamp, and Venrex Investment Management.

Notes and References

  1. "Revolut company timeline". Crunchbase. Retrieved 11 January 2016.
  2. "Revolut company profile". AngelList. Retrieved 11 January 2016.
  3. Dillet, Romain (20 July 2015). "Revolut Raises $2.3 Million For Its Mobile Foreign Exchange Service". TechCrunch. Retrieved 11 January 2016.
  4. "Revolut FAQ". Revolut. Retrieved 11 January 2016.

See also

External links

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