Revolut surpasses 30m retail customers

Revolut has surpassed 30 million retail customers around the world.

The UK FinTech, which provides money transfer and exchange services, said it now processes more than 400 million transactions a month.

The company, which launched in the UK in 2015, added that it is now averaging close to one million new customers every month.

Revolut currently has 6.8 million retail customers in the UK, 2.8 million in Romania, 2.5 million in Poland, 1.8 million in Spain, and 2.2 million in France.

“Revolut is growing at almost one million customers per month," said Nik Storonsky, co-founder and chief executive . "This is a fantastic achievement for the company and reaching 30 million customers is another important milestone we are immensely proud of as we continue to grow and scale at pace.”

The news comes after Revolut blamed the delayed acquisition of its UK banking licence on recent turmoil in the global financial ecosystem.

Revolut secured an EU banking licence through Lithuania in 2018 and a full banking licence from the European Central Bank in 2021 but has still not received its UK banking licence, having filed an application with the Financial Conduct Authority in January 2021.

Revolut's chief financial officer Mikko Salovaara recently quit the company after two years, citing “personal reasons” for his departure from the digital bank and said that an interim CFO would be announced in due course.

Salovaara’s departure follows recent reports that Revolut’s accountant BDO said it was unable to verify two thirds – around £477 million -- of the FinTech’s reported £636 million 2021 revenues and concluded they may have been “materially misstated”.

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