Revolut surpasses 20 million customer milestone on seventh anniversary

Revolut celebrates its seventh anniversary by surpassing 20 million retail customers worldwide, processing over 250 million transactions a month.

The UK remains the company’s biggest market with 4.2 million customers, more than double the two million users in its next second largest market, Romania.

Revolut’s top five countries by number of retail customers are:

1. UK – Revolut’s home market and its biggest with 4.8m customers. The average age of our customers is 39, with 11% of customers being over 55 years old
2. Romania – 2m customers. With 420,000 users in Bucharest, Romania’s capital city has the most Revolut users of any city in the EU, and second most globally after London. One in three Bucharest residents of working age has a Revolut account.
3. Ireland – 1.9m customers. A third of the 5m population (and half of adults with a smartphone) use Revolut – and Revolut is used as a verb
4. Poland – 1.7m customers. Following the launch of dedicated free accounts for Ukrainian refugees, Poland is home to over 50,000 refugee accounts (out of a total of over 170,000 in EU)
5. France – 1.5m customers. Revolut recently launched local IBANs in France to offer fully compatible accounts in the French market

With coverage in 36 countries, the firm is now building for expansion into new territory including India, Mexico and Brazil.

Nikolay Storonsky, Chief Executive Officer, commented: “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…”

Vlad Yatsenko, Co-founder and CTO, commented: “In just seven years, Revolut has grown exponentially. We are now more than 5,000 strong, with new and long-standing staff helping to deliver for our customers on a daily basis.

“Today’s announcement, as well as the company’s seventh anniversary, is one to savour and enjoy, but it is also evidence that there is still so much to achieve in this space. We remain focused on developing new and innovative products for our customers, and look forward to celebrating the next milestone in the near future.”