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”.

    Share Story:

Recent Stories


Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?

Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.