Revolut, the global financial technology company has announced it has reached ten million customers in the UK. Revolut’s largest market, and where the company was founded in 2015 has added nearly two million UK customers so far in 2024 and continues to grow. Revolut has over 45 million customers globally.
By comparison, across other UK challenger banks, Monzo also has more than 10 million retail customers while another challenger bank Starling has around 3.6 million UK customers. Barclays has over 20 million UK retail customers, Lloyds has 15 million retail customers while NatWest has over 19 million retail, commercial and institutional customers, according to tech.eu.
Francesca Carlesi, CEO of Revolut UK, commented: “Today’s announcement is a tremendous achievement for Revolut. Ten million customers across the UK makes us one of the largest payments businesses in the market, and we are incredibly grateful to our growing customer base, who continue to use Revolut more and more.
The UK is our home market, and is the base for the company’s wider global expansion plans. As we work towards launching the bank in the UK in the coming months, we will continue to offer products and services that improve the financial lives of everyone who uses Revolut.”
Key company highlights in 2024
In August, Revolut signed agreements with a group of leading technology investors to provide liquidity to employees through a secondary share sale at a $45 billion valuation.
In July, Revolut received its UK banking licence with restrictions from the Prudential Regulation Authority (PRA).
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
