Revolut exceeds 20 million customers worldwide and celebrates its first 7 years. Here’s how it works

Revolut also continues to expand its global workforce, surpassing the 5,000 employees worldwide. Over the past year, the company has opened several offices in locations such as New York, Tokyo, Madrid, Barcelona, ​​Paris, Mexico City, Berlin, Budapest and Bucharest. In addition, new offices will be inaugurated in Mumbai and Bangalore by the end of the year. To date it turns out that it has passed i 20 million retail customers globally and which processes further 250 million transactions every month. And then? It celebrates 7 years since its foundation.

Revolut: a worldwide success in 7 years

Founded in the UK in 2015, Revolut offers money sending and currency exchange services. Today, over 20 million of its retail customers around the world use Revolut’s dozens of innovative products, including peer-to-peer payments, Piggy banksthe Junior account for childrenthe functionality for the hotel reservations with cashback Stays and much more.

Over the past twelve months, Revolut has launched a number of new features including On Demand Pay in the United Kingdom, personalized loans And Pay Later in Ireland and been named between TIME100 Most Influential Companies. With services offered in 36 countries, Revolut’s expansion continues, with new markets to be launched shortly including India, Mexico and Brazil.

In Italy Revolut celebrates the milestone of over 850,000 retail customerswith a growth of 750% in the last three years. The company recently launched an important integration for Italian customers, who since last February can pay all pagoPA notices via app without any commission.

Nikolay Storonsky, CEO of Revolutcomments: “Having reached 20 million customers and 250 million transactions per month is a milestone we are very proud of. When we founded Revolut seven years ago, we wanted to give people more control over their money through the use of technology, offering a service able to meet all their financial needs in one place.We are still a young company, but our growth in recent years shows the growing demand for our products around the world.
As important as this achievement is, we are still at the beginning of our journey and we intend to continue pushing the boundaries of financial innovation further and further to build the world’s first global financial super app. This is just the beginning “

Vlad Yatsenko, Co-founder and CTO, adds: In just seven years, Revolut has grown exponentially. We are now stronger with 5,000 new and long-time employees who support our customers every day. Today’s announcement, as well as the company’s seventh anniversary, to be savored and enjoyed, but also proof that there is still a lot to do. We remain focused on developing new and innovative products for our customers and look forward to celebrating the next milestone. “

Revolut: how does the online account work?

Revolut, the financial application with 18 million customers worldwide, has now accustomed us to a set of features that have become over time a great advantage for users who use a Revolut account. And let’s talk about theintegration of the pagoPA national platform within its application, which allows you to pay taxes, duties and fees to the Public Administration and other adhering subjects. Of havingAllianz Partners as its new global travel insurance provider.Beginning in April 2022, Allianz Partners provides its travel insurance services to Revolut customers who have a Premium or Metal account, all starting in 31 markets in the European Economic Area and the UK.

And we also remember thatRevoluthas formalized the operation of its European banking license specialized in Italy. In this case the novelty concerns thepossibility for all Italian customers of the application to be able to pass deposits to Revolut Bank and to have the protection of the deposit guarantee system.The transition to Revolut Bank is immediate and simplified since it can be done directly within the Revolut application and everything happens in a few minutes.

Revolut a service for both individuals and professionalsgiven the possibility to receive payments in any currency with the real plus of being able to convert when the best rate without any additional or hidden.Revolut essentially a “virtual” or online accountto which a virtual card is associated even if possible at any time also request the physical one that will arrive in a few days directly at home.

In this casethe ease with which you can open a Revolut accountcertainly a considerable advantage over many competitors. In fact, just go to the official website of Revolut and choose according to your needs which account will be more correct. There are three options that the user can do:

• STANDARD account:the completely FREE one that still has an IBAN (also free) and with which it is possible to make expenses in over 150 currencies at the interbank exchange rate, exchange without commissions in 29 currencies up to 1,000 and above all withdrawals from ATMs without commissions up to 200 per month. It is also possible to use Apple Pay and Google Pay and request the physical card.
• PLUS account:the cheapest one at 2.99 which still has an IBAN (also free) and with which it is possible to make expenses in over 150 currencies at the interbank exchange rate, exchange without commissions in 29 currencies up to 1,000 and above all withdrawals from ATMs without commissions up to 200 per month. It is also possible to use Apple Pay and Google Pay and request the physical card and also have customizable cards. In addition to two Junior accounts and of course all the daily protections such as ticket protection, returns, insured shopping.
• PREMIUM account:cost of 7.99 per month with the possibility in addition to the things already seen on the standard also to make withdrawals up to 400 monthly, international medical insurance, insurance for flight and baggage delays, express / priority global delivery, priority customer assistance, immediate access to 5 cryptocurrencies, PREMIUM card with exclusive designs, disposable virtual cards, access via LoungKey Pass. It is also possible to use Apple Pay and Google Pay and request the physical card and also have customizable cards. In addition to two Junior accounts and of course all the daily protections such as ticket protection, returns, insured shopping.
• METAL account:cost of 13.99 per month with all standard and premium account priorities with the addition of exclusive Revolut METAL card, withdrawals up to 600 per month, up to 0.1% cashback in Europe and up to 1% off from Europe on every card payment and exclusive Concierge service.It is also possible to use Apple Pay and Google Pay and request the physical card and also have customizable cards. In addition to 5 Junior accounts and of course all the daily protections such as ticket protection, returns, insured shopping.

Revolutit then allows you to top up your card or account by direct transfers from other Revolut accounts or by associated credit card or by bank transfer.

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