What is Revolut and how does it work?

From your everyday spending, to planning for your future with savings and investments, Revolut helps you get more from your money. We are building the world’s first truly global financial superapp to help people get more from their money. In 2015, Revolut launched in the UK offering money transfer and exchange.

When did Revolut come out?

Fortunately, Revolut came along in 2015, and the future suddenly became present. In this post, we take a look at Revolut’s availability worldwide and uncover some of the alternatives for users who are not eligible to open a Revolut or Revolut Trading account! What is Revolut? Which countries is Revolut (Banking) available in?

What is revrevolut?

Revolut was founded on 1 July 2015 by Nikolay Storonsky and Vlad Yatsenko. The company was originally based in Level39, a financial technology incubator in Canary Wharf, London.

Is Revolut worth £4 billion?

In February 2020, Revolut completed a funding round that more than tripled its value, valuing the company at £4.2 billion and becoming the United Kingdoms most valuable financial technology startup. In August 2020, Revolut launched its financial app in Japan.

What is Revolut?

What is Revolut? Revolut offers a range of digital banking services in a mobile app targeted at young tech-savvy users, including: Transferring money abroad in 29 currencies A pre-paid debit card that enables cash machine withdrawals in 120 countries

What is revrevolut doing now?

Revolut has expanded into new markets such as Japan and expanded staff from 1500 to around 5000. In November 2020 it was breaking even and, with a £4.2 billion valuation became the UKs most valuable fintech. In January 2021 it applied for a UK banking licence.

When will Revolut be available in the US?

As of the 24th March 2020, Revolut is available in the US! Sign up for Revolut US here. US users will only be offered a US bank account and not a EUR & GBP accounts, but will have all the other usual features of Revolut.

What are revrevolut’s fees?

Revolut currently charges no fees for the majority of its services (but for a capped usage), and uses inter bank exchange rates for its currency exchange on weekdays, and charges a markup from 0.5% to 1.5% on weekends.

Revolut have yet to obtain their full banking licence although it is licenced as an electronic money, or e-money institution in the UK. However, Revolut do have their banking licence in Lithuania and are able to operate as a bank there. Is Revolut safe?

What is Revolut and how does it work?

Revolut provides currency exchange, current account and crypto-currency services for customers across 35 countries but is still in the process of attaining a UK banking licence. What is Revolut?

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