Revolut surpasses 1 million users in Australia after six years from launching

Revolut Australia claiming it has nearly doubled the size of its customer base every year since 2022.

Global financial services platform Revolut announced that it has signed up more than one million customers in Australia. Marking the milestone since launching in Australia six years ago, the company said it now has more than 100 staff locally and plans to invest a further $400 million into the market over five years.

The platform, which began as an foreign exchange business, estimates it has undercut the bank’s offering by a cumulative $250 million over its life in Australia, claiming it now processes more domestically than internationally.

“Over the past two years, Revolut has scaled rapidly in Australia, with strong growth across customers, payments, FX and engagement, and record usage in 2025,” head of growth Charlie Short said in a statement. “This year will see us double down on marketing investment and remain aggressive with product delivery, pushing us into our biggest year yet.”