FinTech Magazine April 2024 | Page 51

REVOLUT
TOP 10

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REVOLUT

REVENUE : US $ 2BN ( FY 2023 ) EMPLOYEES : 7,500 CEO : NIKOLAY STORONSKY FOUNDED : 2015
Topping our list of fintechs to watch in 2024 is Revolut . The neobank , which is the largest in the UK today and one of the biggest in Europe , has this year announced it will be offering mobile phone plans in the UK . The move comes amid Revolut ’ s aim to create a mobile ‘ super app ’ of integrated services outside of just financial services . This would mark a significant move for Revolut as it looks to scale up its customer offerings in competition with incumbent banks . The neobank has already launched a new AI feature to help protect against card scams , as its widening portfolio increases the attack surface from which fraudsters can strike . Achieving these next steps in its development will be huge for Revolut , which has already established itself as a global leader in fintech with a presence in 150 countries , 35 million personal customers and 500,000 business clients .
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