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Revolut

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Revolut Ltd
Company typePrivate
IndustryFinTech
Founded1 July 2015; 9 years ago (2015-07-01)
FounderNikolay Storonsky, Vlad Yatsenko
HeadquartersLondon, United Kingdom
Key peopleNikolay Storonsky (CEO)
ProductsCurrent Accounts, Debit Cards, Insurance, Peer-to-peer lending, Remittance
ServicesPeer-to-peer payments, Currency Exchange
Number of employees630+ (Dec 2018)
Websiterevolut.com

Revolut Ltd is a UK financial technology company that offers banking services including a prepaid debit card (MasterCard or Visa), currency exchange, cryptocurrency exchange and peer-to-peer payments. The Revolut mobile app supports spending and ATM withdrawals in 120 currencies and sending in 29 currencies directly from the app. It also provides customers access to cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and XRP by exchanging to or from 25 fiat currencies.

Revolut currently charges no fees for the majority of its services (but for a capped usage), and uses inter bank exchange rates for its currency exchange on weekdays, and charge a markup from 0.5% to 1.5% on weekends.

The London-based startup was founded by Nikolay Storonsky and Vlad Yatsenko. The company originally was based in Level39, a financial technology incubator in Canary Wharf, London.

References

  1. "Revolut company profile". AngelList. Retrieved 11 January 2016.
  2. Dillet, Romain (2015-07-20). "Revolut Raises $2.3 Million For Its Mobile Foreign Exchange Service". TechCrunch. Retrieved 2016-01-11. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  3. Kyburz, Kevin (2018-01-29). "Banking App for Travelers – Revolut Converts Currencies Minus the Fees!". Techgarage. Retrieved 2018-02-11.
  4. Dan, Enriques (2018-04-29). "Are You Ready To Give Fintech A Try?". Forbes. Retrieved 2018-06-12. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)

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