Revolut signs millionth UK user, eyes expansion

Revolut has signed up one million customers in the UK and is now bringing in between 6,000 and 9,000 new users every day.

The London-based digital challenger bank also revealed plans for expansion outside of Europe, with launch expected in the United States, Canada, Singapore, Hong Kong, Australia and New Zealand within the next few months.

Of Revolut’s 2.25 million global customers, around 400,000 are weekly active users and 900,000 are monthly active users. Customers have made over 125 million transactions to date with a total transaction volume of $18.5 billion.

Founder and chief executive Nik Storonsky said that this milestone UK is testament to the product that’s been built and the savings offered our customers.

“However, we are always looking to improve – our brand awareness is growing across Europe and we’re pressing ahead with global expansion,” he stated. “The world is becoming more interconnected and financial companies should be adapting to this. People should be free to spend and transfer money globally without incurring fees and waiting days.”

After launching in new countries, Revolut will then initiate its new international money transfer service.

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