FinTech Magazine July 2024 | Page 47

REVOLUT REVENUE : US $ 1.06BN FY2022 EMPLOYEES : 7,500 CEO : NIKOLAY STORONSKY FOUNDED : 2015

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REVOLUT REVENUE : US $ 1.06BN FY2022 EMPLOYEES : 7,500 CEO : NIKOLAY STORONSKY FOUNDED : 2015

Top of our list of leading digital banks is Revolut . Founded in 2015 by Nikolay Storonsky and Vlad Yatsenko , the neobank has experienced rapid growth , today boasting a user base of 35 million people and 500,000 business clients . With a mission to simplify finances for all , Revolut ’ s services include currency exchange accounts , debit cards , stock trading , virtual cards and cryptocurrency trading . The bank handles up to 250 million transactions per month . On a mission to deliver one of the UK ’ s first financial ‘ super apps ’, Revolut has made a string of recent announcements on its path to go beyond any of the financial services offerings currently seen on the market . Announcing plans to offer mobile phone plans , Revolut has scaled its partnerships with the likes of Sabre – to propel B2B payment processes for travel agencies – and launched a new AI fraud prevention tool to scale its cybersecurity efforts .
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